Redemptions from U.S. money market mutual funds declined on Friday, with investors pulling out $5.2 billion compared to $47.7 billion the day before, according to the Westborough, Mass.-based research firm iMoneyNet.
At a time when major investment banks are failing, the independent-advisory business is flourishing, according to a recent research report.
Mutual fund families are cutting expenses because asset levels have dropped, reflecting the rocky markets.
Although family members may work with them, most financial advisers do not think of their firms as family businesses. In their minds, the businesses are theirs — even when ownership is shared with other family members.
In a year of seemingly endless bad news for hedge funds, many hedge-fund-of-funds managers, especially institutionally focused firms, actually thrived.
Most investors will probably look at the recent performance of Asian stocks and run screaming, but some industry experts recommend that they stand pat.
The Congressional Human Rights Caucus is pressuring mutual fund companies voluntarily to divest their holdings in companies that do business in Sudan.
When politicians from Al Gore to T. Boone Pickens push for an issue such as alternative energy, you might think the sector is a bright spot in the struggling stock market.
For financial advisers who want to help clients take advantage of a down market, mark Oct. 15 on your calendar.
The sputtering economy is continuing to take a toll on college savings, but Section 529 college savings plan officials remain upbeat.
