Most Americans believe their advisor is a fiduciary, the tipping point for gold, and an Alabama group leaves Wells Fargo for Raymond James' Advisor Select.
“It’s going to be a little rough in here for the mutual fund industry, but this is like a kidney stone. It’s going to be painful for a year, year and a half, but it will pass, and the next thing you know we’ll be off to the races.”
New money flowing into European equity funds hit a 67-week high, while emerging market bond funds took in fresh money for the 11th straight week.
