Of those taxpayers who are getting money back, 30% said they intend to pay down debt, 28% say they will save or invest, and 26% anticipate spending their refund on food or utility bills.
U.S. equity mutual funds and exchange-traded funds posted a seventh straight week of inflows — their longest winning run since a nine-week stretch that ended in the forth quarter of 2004 — according to data released today by EPFR Global, an industry data provider.
Financial advisers with clients in California are increasingly recommending a cutback in exposure to the Golden State's tax-exempt bonds.
Financial advisers said they agreed with several Supreme Court justices <a href= http://ciedit.cr.atl.publicus.com/apps/pbcs.dll/article?AID=/20091102/FREE/911029952/1022/ONLINENEWS> who appeared to suggest during oral arguments yesterday that the Securities and Exchange Commission</a> — and not the courts — should ultimately decide when mutual fund fees are excessive.
The mutual fund industry has long been dominated by a handful of companies, but continuing fallout from the recent market downturn and other structural factors have created opportunities for nimbler, smaller companies to gain more business.
Investor concern over the cost of health care reform is likely to manifest itself in a flood of questions to financial advisers about how best to protect assets from an expected hike in taxes.
With the passage of the health care bill, investors will see the tax rate on long-term capital gains jump to 23.8%, raising questions for investors looking to protect their assets
Although the selection of a bond fund executive to lead equity-oriented Janus Capital Inc. stunned industry watchers last week, Richard M. Weil — the former Pimco chief operating officer — may be just what the $152 billion fund company needs.
The debate over whether to take capital gains this year heated up yesterday when the House passed health care reform legislation.
