Numbers Game

Numbers Gameblog

Latest research and trends from around the financial advisory business, updated regularly highlighting stats, charts, infographics and all things data.

Nov 4, 2017, 9:29 AM EST

America's digital financial habits disappoint

By InvestmentNews Research and Ellie Zhu

Consumers of all ages are spending their money online, but fewer use digital tools to save and invest. Firms are looking for tools to make it easier. Digital tools can enhance their clients' financial services experience and the overall stickiness of customers. Forward-thinking financial services firms are deploying the newest technologies for clients and they're how firms plan to grab the increasingly digital consumer. Check out how the typical American customer is spending their online lives.... Read full post

Oct 18, 2017, 5:36 PM EST

How does your advisory firm stack up?

By IN Research and Ellie Zhu

With talent so hard to find and keep at advice firms, each practice should have a clear handle on how well it is – or isn't – compensating its brilliant workforce.The benchmarking data below show the greatest range of salaries occurs in what firms are paying their lead advisers, with the 3rd quartile of firms paying nearly twice that of the 1st quartile.Of course, salaries are only part of what firms pay to employees. Total income for advisers shows bonuses vary greatly between positions, roughly doubling as professionals climb each rung of the ladder of adviser roles.The analysis also shows exactly how top performers are pulling ahead of other firms, and the profitability measures and revenue per professional differences are huge.All figures are from the 2017 Adviser Compensation & Staffing Report, which captures full income statements, assets and client information, management and staffing strategies, and staff... Read full post

Oct 14, 2017, 10:48 AM EST

Advice industry in hiring mode


By Matt Sirinides

As the largest independent advisory firms continue expanding, something unexpected has happened along the way. The typical professional at one of these firms is no longer "independent" in the sense that he or she is an owner of the business. Instead, that individual is an employee of the firm. This trend first took hold emphatically in the 2015 InvestmentNews Adviser Compensation & Staffing Study, and it has only accelerated over the past year, according to the just-released 2017 edition of the study, sponsored by Pershing Advisor Solutions. It makes sense. The average firm has grown 11% annually over the last 12 years, tripling in size over that time. That growth is made possible by increasing head count and improving productivity, and this trend demonstrates that many firms in the industry have successfully developed and leveraged professional talent.... Read full post

Aug 19, 2017, 10:25 AM EST

Best- and worst-performing emerging-market funds

By IN Research and Ellie Zhu

U.S. open-end diversified emerging-market fundsTOP 10NameCurrent fund-level net assetsYTD return1-year return3-year return5-year returnNet expense ratioAshmore Emerging Markets Value Instl (EMFIX)$10,064,105 31.19%41.24%3.52%6.70%1.17%Baillie Gifford Emerging Markets 5 (BGEDX)$1,673,126,085 37.71%39.27%N/AN/A0.71%Delaware Emerging Markets Instl (DEMIX)$3,471,029,667 30.86%35.65%3.86%11.17%1.49%Templeton Instl Emerging Markets Ser Adv (TEEMX)$43,714,006 31.07%34.15%3.83%6.71%1.33%Pioneer Emerging Markets A (PEMFX)$105,243,686 33.60%33.94%-1.08%3.29%1.95%Macquarie Pooled Emerging Markets II (DPEGX)$38,654,202 31.89%32.45%1.43%8.51%1.20%Pzena Emerging Markets Value Instl (PZIEX)$34,710,454 25.00%32.33%1.23%N/A1.25%VALIC Company I Emerg Economies (VCGEX)$643,235,362 28.86%31.77%2.67%6.21%0.97%PIMCO RAE Fundamental PLUS EMG Inst (PEFIX)$1,357,779,987 20.54%31.59%2.16%6.11%1.15%Templeton Developing Markets A (TEDMX)$1,322,780,143 29.20%31.... Read full post

Jun 3, 2017, 2:10 PM EST

RIA Rundown: By the Numbers

By IN Research and Ellie Zhu

The InvestmentNews RIA Data Center qualified over 1,900 fee-only registered investment advisory firms. For more information, please contact Visit for more-complete profiles and interactive rankings.... Read full post

May 14, 2017, 7:24 PM EST

Best- and worst-performing international funds

By IN Research and Ellie Zhu

EQUITYINTERNATIONAL MULTI-CAP CORETop 10Portfolio net assets ($M)1-year return3-year return5-year returnExpense ratio*Oakmark International Fund Investor (OAKIX)$29,763.20 21.82%2.87%11.02%1.05%PIMCO StocksPLUS International Fd (DH) Inst (PISIX)$2,621.40 19.91%7.49%12.43%0.76%PIMCO RAE Fundamental PLUS International Fund Inst (PTSIX)$956.30 17.70%-0.40%8.45%0.83%State Street Hedged Internatl Developed Eq Idx K (SSHQX)$2,361.30 17.56%N/AN/A0.20%Knights of Columbus International Equity Fund Inst (KCIIX)$49.80 15.53%N/AN/A1.10%Pear Tree Polaris Foreign Val Fd Ord (QFVOX)$1,656.10 14.66%1.64%9.27%1.53%JPMorgan International Value SMA Fund (JTIVX)$71.30 14.57%0.05%5.05%0.00%Schwab International Core Equity Fund (SICNX)$836.50 14.53%3.07%9.39%0.86%Deutsche CROCI International Fund S (SCINX)$1,090.30 14.37%1.91%7.13%0.92%PIMCO StocksPLUS International Fd (Uh) Inst (PSKIX)$1,444.40 14.31%1.02%8.13%0.66%Bottom 5Madison International Stock Fund... Read full post

May 14, 2017, 7:24 PM EST

Best- and worst-performing fixed-income funds

By IN Research and Ellie Zhu

CORE BONDTop 10Portfolio net assets ($M)1-year return3-year return5-year returnExpense ratio*Miller Intermediate Bond Fund I (MIFIX)$162.50 7.74%N/AN/A1.25%River Canyon Total Return Bond Fund Institutional (RCTIX)$27.50 6.25%N/AN/A0.71%Putnam Income Fund A (PINCX)$1,651.60 4.68%1.47%3.51%0.86%Dodge & Cox Income Fund (DODIX)$48,863.50 4.23%3.05%3.42%0.43%Highland Fixed Income Fund A (HFBAX)$136.90 4.20%2.84%2.40%1.05%PF Managed Bond Fund P$742.60 4.19%3.95%3.35%0.55%Bramshill Income Performance Fund Inst (BRMSX)$140.00 4.00%N/AN/A1.12%Fidelity Total Bond Fund Fidelity Total Bond (FTBFX)$27,683.10 3.97%3.39%3.24%0.45%Anfield Universal Fixed Income Fund I (AFLIX)$110.90 3.88%2.46%N/A1.00%Federated Total Return Bond Fund Institutional (FTRBX)$7,015.90 3.60%3.09%3.02%0.39%Bottom 5STAAR General Bond Fund (SITGX)$1.40 -0.32%-0.07%0.24%1.59%American Beacon Garcia Hamilton Qual Bd Fund Inst (GHQIX)$137.90 -0.23%N/AN/A0.45%DoubleLine Long... Read full post

May 14, 2017, 7:24 PM EST

Best- and worst-performing equity mutual funds

By IN Research and Ellie Zhu

LARGE CAP GROWTHTop 10Portfolio net assets ($M)1-year return3-year return5-year returnExpense ratio*USAA Nasdaq-100 Index Fund (USNQX)$1,253.60 23.95%16.07%16.65%0.57%Morgan Stanley Inst Portfolio I (MSEQX)$3,362.30 23.14%12.71%15.90%0.61%Rydex NASDAQ-100 Fund Investor (RYOCX)$929.50 23.03%15.33%15.94%1.25%Shelton NASDAQ-100 Index Fund Direct (NASDX)$392.70 22.86%15.96%16.92%0.49%ProFunds NASDAQ-100 ProFund Investor (OTPIX)$82.40 22.20%14.34%14.90%1.54%Edgewood Growth Fund Institutional (EGFIX)$8,090.90 22.17%14.59%16.77%1.00%T Rowe Price Institutional Large-Cap Growth Fund (TRLGX)$13,025.00 22.15%12.19%15.50%0.56%Transamerica Capital Growth A (IALAX)$685.30 22.05%11.92%15.34%1.21%Homestead Growth Fund (HNASX)$130.90 21.79%11.73%15.08%0.95%Baron Fifth Avenue Growth Fund Retail (BFTHX)$151.70 20.95%10.26%13.31%1.10%Bottom 5Sirius S&P Strategic Large-Cap Allocation Fund (SSPLX)$23.30 0.96%N/AN/A2.01%Destra Focused Equity Fund A... Read full post

Apr 29, 2017, 7:28 PM EST

Fixed-income ETF rankings for first quarter 2017

By IN Research and Ellie Zhu

Ranked by quarterly returnsName/ticker3-month return1-year returnNet assets ($M)Expense ratio*3-month average daily volume1iShares International Preferred Stock ETF (IPFF)7.72%12.35%$62.40.55%96,5612iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)7.61%11.98%$278.80.71%94,2103JPMorgan Diversified Rtn Euro Currency Hedged ETF (JPEH)6.87%N/A$27.90.49%1,1534First Trust Emerging Mkts Local Currency Bond ETF (FEMB)6.55%5.45%$25.20.85%7,4945PowerShares Dev EuroPacific Curr Hdg Low Vol Port (FXEP)6.33%9.88%$1.40.25%1726First Trust CEF Income Opportunity ETF (FCEF)6.20%N/A$17.82.54%6,4247VanEck Vectors JP Morgan EM Local Currency Bd ETF (EMLC)6.17%4.80%$3,038.90.47%230,5368SPDR Bbg Barclays Emerging Markets Local Bond ETF (EBND)6.15%4.17%$127.00.40%5,8659iShares Emerging Markets Local Currency Bond ETF (LEMB)6.02%4.72%$327.30.50%84,15910PowerShares Europe Currency Hedged Low Vol Ptf (FXEU)5.98%8.52%$6.60.25%3,95011SPDR Wells Fargo... Read full post

Apr 29, 2017, 7:28 PM EST

Equity ETF rankings for first quarter 2017

By IN Research and Ellie Zhu

Ranked by quarterly returnsName/ticker3-month return1-year returnNet assets ($M)Expense ratio*3-month average daily volume1Rex VolMAXX Short Vix Weekly Futures Strat ETF (VMIN)58.46%N/A$10.81.45%10,3172Columbia India Small Cap ETF (SCIN)28.77%35.62%$25.60.86%2,7383VanEck Vectors India Small-Cap Index ETF (SCIF)27.44%39.72%$231.40.78%13,8494iShares MSCI India Small-Cap ETF (SMIN)26.73%39.23%$106.30.80%25,6675ETFis BioShares Biotechnology Clinical Trials Fund (BBC)25.72%21.85%$24.30.85%13,8896VanEck Vectors Brazil Small-Cap ETF (BRF)23.71%67.64%$100.60.60%52,0947Global X MSCI Argentina ETF (ARGT)21.93%47.13%$134.60.74%9,0978KraneShares CSI China Internet ETF (KWEB)21.41%19.55%$291.50.72%114,4279ARK Genomic Revolution Multi-Sector ETF (ARKG)21.34%17.72%$10.40.75%3,87310Columbia India Infrastructure ETF (INXX)21.31%30.61%$41.50.88%4,32611EMQQ The Emerging Markets Internet & Ecommerce ETF (EMQQ)20.71%24.48%$37.40.86%12,32612iShares MSCI ... Read full post

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