Finworx Launches Finworx 360 to Help Advisers Assess Clients’ Risk Tolerance. |
The software includes a Behavioral Risk Survey that advisers can give to retirement plan participants.
Read more > | | 401(k) Participants’ Equity Holdings Drop As They Age | The younger the investor, the more likely they are to have their money invested in equities, while older investors are more likely to gravitate to fixed-income securities, including bond funds, money market funds, stable value funds and guaranteed investment contracts, ICI found. At year-end 2015, for example, participants in their twenties had 80% of their portfolios invested in equities. For 401(k) participants in their sixties, this drops to 55%.
Read more > | | Personalized Videos Adds to List of Targeted Features |
Voya Financial says these new one-minute videos will combine an individual’s “monthly income replacement goals, estimated monthly retirement income and possible shortfalls” to visualize their path towards retirement.
Read more > | | Wednesday, the Dow was up 41.31 points (0.16%) at 26,252.12, the NASDAQ closed 45.23 points (0.61%) lower at 7,415.06, and the S&P 500 decreased by 1.58 points (0.06%) to 2,837.55. The Russell 2000 lost 11.09 points (0.69%) to finish at 1,599.61, and the Wilshire 5000 was down 38.32 points (0.13%) at 29,434.66.
The price of the 10-year Treasury note was down 10/32, increasing its yield to 2.653%. The price of the 30-year Treasury bond decreased 20/32, bringing its yield up to 2.930%.
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