For the 10th straight week in a row, mutual funds took in inflows, the
Stock funds took in $764 million, down sharply from the $6.83 billion the previous week and $10 billion high earlier in March. U.S. stock funds accounted for $252 million of those inflows, and international stock funds $513 million.
Investors poured $8.39 billion into bond funds, down only slightly from $8.75 in the previous week. Taxable funds accounted for $6.46 billion of that money, and municipals $1.93 billion.
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
