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.
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Nearly two-thirds of advisors surveyed this month said that internal training programs or workshops were offered by their firms.
February 6 -
The 260 advisors in Huntington's wealth unit will now turn to Ameriprise for brokerage, advisory and insurance services previously provided internally.
February 6 -
Even though advisors doubt it will pass, California's proposed billionaire tax is already reigniting residency and wealth planning conversations.
February 6 -
Financial advisor Drew Boyer turned an accidental acceptance from a fire chief into a successful niche serving firefighters and police officers.
February 5 -
Private equity-backed M&A activity has steadily risen. Owners may do great in a sale, but what about advisors lower in the organization?
February 5 -
With unfounded rumors spreading that Osaic was about to buy its rival Cetera, a Texas-based headhunting firm started calling advisors to see if they wanted to move. Other industry recruiters say that crossed an ethical line.
February 5




