Data reported by the Investment Company Institute.

Also this week, Raymond James picks another team from Commonwealth amid its purchase by LPL, and Cetera recruits from B. Riley Wealth Advisors.
The current president of Omaha, Nebraska-based Orion Advisor Technology and former starting pitcher for the Vanderbilt University baseball team spoke recently with Financial Planning about his new role, AI, the challenges of bringing various solutions together in one place and more.
The Internal Revenue Service issued answers to frequently asked questions about the soon-to-expire tax credits for solar and wind power and electric vehicles.
Recruiters say firms routinely cover advisors' lost deferred compensation in offer packages. Those deals are complicating efforts by advisors who contend they're still owed backpay.
What tips qualify, which don't, how to file and more.
Volatility, concerns over security and custody, and a lack of clear regulatory framework are the key barriers to adoption, according to Financial Planning's August Financial Advisor Confidence Outlook survey.