January 23rd, 2018

Level Fees and IRA Rollovers in 2018 If you charge only a reasonable level fee, and if you are “independent”—i.e., no related parties or affiliates receive compensation as a result of your investment decisions—then your discretionary investment management services will not result in a prohibited transaction. By level fee, we mean a fee that does not vary based upon your investment decisions. Read more > Embrace of Passive Funds Is Not What It Appears To Be Looking at asset flow data provided by Wells Fargo, there is in fact very little money going into the standalone index equity fund options being added to DC plan menus—and this is probably a good thing. Read more > Investment Adviser Added as Defendant in NYU 403(b) Suit Participants in New York University’s retirement plans have filed a third amended complaint, for the first time naming Cammack LaRhette Advisors as a defendant in the lawsuit. In a statement, Cammack said, “We believe the claims have no merit and will be vigorously defending them.” Read more > More DC Plan Sponsors Lowered Fees After Reviews in 2017 Following their most recent fee review about four in ten defined contribution plan sponsors (40.5%) reduced fees, according to the 2018 Callan Defined Contribution Trends Survey. Callan says this is a notable increase from prior years (31.6% did so in the prior year’s survey). Read more > MOST READ ARTICLES 1 TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges 2 DOL Announces Anticipated ESG Fiduciary Investing Rule 3 Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns 4 Retirement Industry People Moves 5 Calmer Summer Yields to Volatile Fall for U.S. Investors

Evidence Mounts To Show Automated Plans Do Better More than 82% of those from the Millennial generation, defined here as those born between 1977 and 1993, are now invested in a diversified portfolio. Read more > Advisers Warming Up to Smart Beta When asked by they do not use smart beta, 47% of U.S. advisers say they do not know enough about them. Thirty-four percent say they can achieve smart beta objectives with their own portfolio management, 21% do not think that back testing shows that these strategies offer enough, and 21% do not think they are worth the extra fees. Read more > AdvicePay Creates Payment Solution for Fee-Only Advisers AdvicePay has created a payment solution for fee-only advisers whereby their clients can send them payments via a credit card or bank account. The solution includes a portal for clients where they can review invoices and payments. Read more > Market Mirror Yesterday, the Dow increased 142.88 points (0.55%) to 26,214.60, the NASDAQ climbed 71.65 points (0.98%) to 7,408.03, and the S&P 500 closed 22.7 points (0.81%) higher at 2,832.97. The Russell 2000 was up 7.54 points (0.47%) at 1,605.16, and the Wilshire 5000 gained 240.48 points (0.82%) to finish at 29,392.67. The price of the 10-year Treasury note was unchanged, with its yield at 2.660%. The price of the 30-year Treasury bond was up 8/32, decreasing its yield to 2.922%.

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