Net sales of long-term equity and fixed-income mutual funds were down 29 percent in July, according to Financial Research Corp. of Boston.
July long-term fund sales of $7.8 billion were significantly lower than June net sales of $12.9 billion. June sales had spiked 173 percent over May net sales of $5.1 billion, FRC said. May sales were particularly weak in response to market volatility, FRC said. June sales "spiked upward after May's tech market revolt settled down," FRC said.
A therapist in New York still has $50,000 in student loans. Can President Biden's new policy bring her relief?
The wealth program at Kinecta Federal Credit Union is changing brokerage, RIA and custodian as the industry fights for recruits of all sizes in the channel.
A new MIT study says AI could potentially adapt to an advisor's predictive and empathetic behaviors. But industry leaders argue AI is actually generating more job growth for advisors, not replacing them.
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Some planners and firms are taking action to address impending retirements. Here's why opening more pathways into the field matters to every company in wealth management.
The Internal Revenue Service is extending tax relief on required minimum distributions from inherited retirement accounts not made in 2024 after providing similar relief in recent years.
