A study found that about 60% of new fund sales through intermediaries last year didn’t have front-end sales loads.
Mortgage applications dipped 4.6% for the week ended May 23 due to a drop in refinancing activity.
New orders for durable goods fell by a lower-than-expected 0.5% last month, according the Department of Commerce.
International/global funds led the way with net inflows of $12.7 billion, followed by corporate funds with $7 billion.
The Conference Board Consumer Confidence Index fell to a reading of 57.2, down from 62.8 in April.
House prices continued to plunge in the first quarter, with new data revealing record declines across the country.
A Bank of America analyst has slashed earnings estimates for Lehman Bros., Goldman Sachs and Morgan Stanley.
A large number of small-cap funds have reopened in recent months and are drawing the attention of financial advisers.
Some taxpayers who requested a direct deposit of their tax refund into an individual retirement account may be in for unpleasant surprises.
Russia's eight-plus-year economic expansion has spread into parts of the country's consumer and retail sectors, presenting a potentially new angle for participation among financial advisers and their clients.
