June 28th, 2018

DISRUPTION: Talking Adviser Recruiting with LPL Leadership As retirement specialist advisers shift away from commissioned service and towards relationship-based wealth management and plan design consulting, providers of brokerage and investment management services are making their own changes to attract and retain skilled advice professionals—while protecting their own bottom line. Read more > From the Magazine: The Power of Hosting Events Spectrum Investment Advisors values visual presentation and experience. So, when company President James Marshall committed to erecting a new, $2 billion building five years ago, in Mequon, Wisconsin, it was outfitted with an engaging meeting space, where plan sponsors and participants could come attend seminars, gain insight into the firm’s workings—not to mention, drink a little coffee. Read more > Workers Worry About the Future of Social Security “Most workers are counting on Social Security as a meaningful source of income in retirement, and most are concerned about its future,” says Catherine Collinson, CEO and president of the Center and the Transamerica Institute. “Reform is needed to mitigate Social Security’s funding shortfalls, but policymakers have made little progress in identifying and implementing specific changes. Workers need clarity and direction so they can plan accordingly.” Read more > ‘Wants’ Trump Long-Term Financial Priorities for Many Americans For one-third of Americans, spending on an experience has taken priority over achieving some larger financial goals, including saving for retirement, using the money for other financial investments, or paying off student debt. Read more > MOST READ ARTICLES 1 ‘Secure Act 2.0’ Likely to Become a Reality 2 Excessive Fee Lawsuits Expected to Continue to Rain Down on Plans 3 Stimulus Bill Extends Some Provisions of the CARES Act 4 Wake Forest University Baptist Medical Center Sued Over 403(b) Plan Fees 5 Talking Digital Advice Trends With Morningstar and DFA

Sponsored message from CUNA Mutual Retirement Solutions What is your biggest obstacle for improved productivity? Partner with us to achieve greater success in the qualified retirement plan industry. We have the right tools to help you achieve your goals. Learn More. Read more > Gig Workers Face Financial Challenges Gig workers, be they Millennials, Gen Xers or Baby Boomers, are all facing financial challenges, which could adversely impact their retirement down the road, according to a new research paper from Prudential Financial. Read more > Principal Debuts Two Retirement Plan Products for Small and Mid-Sized Plans Principal Financial Group has introduced two new products for small and mid-sized businesses and tax-exempt organizations to make it easier for them to offer retirement plans. Read more > Cetera Launches Adviser Texting Solution for Smoother Client Communication The firm recently announced a new initiative to expand its 401(k) business, and it has now unveiled a texting solution aimed at simplifying compliance and recordkeeping in text-based client communications. Read more > Market Mirror Wednesday, the Dow was down 165.52 points (0.68%) at 24,117.59, the NASDAQ lost 116.54 points (1.54%) to finish at 7,445.09, and the S&P 500 closed 23.43 points (0.86%) lower at 2,699.63. The Russell 2000 fell 28.07 points (1.68%) to 1,640.45, and the Wilshire 5000 decreased 281.23 points (0.99%) to 28,212.98. The price of the 10-year Treasury note increased 17/32, bringing its yield down to 2.822%. The price of the 30-year Treasury bond climbed 1 7/32, decreasing its yield to 2.965%.

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