Both retail and institutional-class shares increased, with total asset rising $10.19 billion to $2.39 trillion. Retail shares increased $1.68 billion to $983.5 billion, with investors, who have an eye on tax day, favoring tax-exempt classes. Of the 881 retail-class shares available, the 307 tax-exempt shares increased $1.92 billion to $231.29 billion, while the 574 taxable shared dropped by $241.2 million to $752.22 billion. Meanwhile, institutional investors seemed less preoccupied with tax status. Of the 1,146 retail class shares available, the 896 taxably shares attracted $13.52 billion more, for a total of $1.268 trillion, while the 250 tax-exempt shares dipped by $5.01 billion to $139.89 billion.
-
Yes, AI is saving many advisors time and helping them reach prospects. But some say the rapid rate of adoption and automation could put them out of a job in the future.
10h ago -
Brett Griffin was given two months' notice that he would lose his job when Charles Schwab closed the office where he was working in Temecula, California. Now the firm accuses him of using some of that time to help move client data to a rival RIA.
11h ago -
Troy Von Haefen once shared a stage with Lee Ann Womack. Now he's built a financial advising firm around his Nashville connections.
December 12 -
Steve Lockshin and Michael Kitces tied what they view as some mistaken assumptions around fees to the competitive need for more estate planning services.
December 11 -
Also, Independent Financial Partners secures a $700M team from Commonwealth/LPL, and NewEdge Capital names a new CEO.
December 11 -
Paid sabbaticals, employee ownership and a philosophy-first culture have helped Bailard top this year's Best RIAs to Work For list.
December 11




