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| 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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