Despite declining yields, taxable-bond funds continued to dominate inflows, taking in another $16.9 billion in April, bringing its total inflows to date at $96.9 billion, according to Morningstar, Inc.
The subset remains roughly on track to match 2009's record inflows of $282.5 billion.
The PIMCO Total Return led all funds in April with inflows of $2.7 billion, the fund's strongest month since August 2010, according to Morningstar.
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A well-planned retirement can go awry when clients overspend. Here's how financial advisors can rein them in.
A California man's complaint alleges that Morgan Stanley's website enabled tracking tech from Google and Microsoft to collect web visitors' browsing data for targeted online ads.
In a Q1 earnings call, CEO Jim Cracchiolo emphasized the firm's recruiting approach that seeks a "built, not bought" advisor workforce.
The latest Cerulli Associates study tracking investors' willingness to pay for financial advice offered a mix of potential challenges with new business opportunities.
The Bahnsen Group, founded in 2015 by a former Morgan Stanley team, has grown into a private wealth powerhouse with roughly 100 employees and offices in three states.
