July 19th, 2018

Former State Street Executive Found Guilty of Defrauding Transition Management Customers A jury in the U.S. District Court for the District of Massachusetts convicted Ross McLellan, a former State Street Corp. executive, of engaging in a scheme to defraud customers of State Street’s Transition Management line of business. Read more > Are Your Clients Missing Opportunities in Fixed Income? Greg Hahn, founder and chief investment officer at Winthrop Capital Management, offers some timely analysis on the flattening of the yield curve and navigating a rising interest rate environment. Read more > SEC Eyes Equity Compensation Changes for ‘Gig Workers’ The SEC solicited public comment on potential changes to the regulator’s treatment of equity compensation, tied to the emergence of the “gig economy.” Read more > Increased Demand for Financial Education Among Employees Employers say debt, saving for retirement, paying for their children’s education expenses and covering basic living expenses are top worries of employees, and 63% of employers surveyed currently provide financial education for their workforce. Read more > MOST READ ARTICLES 1 Stimulus Bill Extends Some Provisions of the CARES Act 2 Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients 3 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 4 Many Near-Retirees Don't Understand Social Security Benefits 5 Once They Catch On, PEPs Could Grow Exponentially

Sponsored message from OneAmerica Rethinking Retirement Plans A flexible approach to providing lifetime income. Click to learn more. Read more > Package of Bills Addresses Retirement Plan Access and Emergency Savings Accounts The bills would allow for pooled employer plans, incentivize employers to adopt plans with automatic enrollment; allow employers to automatically enroll their workers in emergency savings accounts; and make it easier for individuals to automatically save their tax refunds. Read more > TDF Providers Adapted to Low-Cost Demand, But Plan Sponsors Still Need to Be Diligent Investors in TDFs need to look beyond price tags to investment strategy to determine the appropriateness of the fees and should be mindful of the relatively tight dispersion of returns within TDF categories, Morningstar warns. Read more > Current and Future Financial Goals Northwestern Mutual’s 2018 Planning & Progress Study found that 67% of Americans who work with a financial adviser believe they know how much to spend now and to save for the future. Read more > LifeYield Announces Advantage Suite Software Update LifeYield LLC has rolled out a fully updated edition of the LifeYield Advantage Suite software, featuring the firm’s proprietary Taxficient Score. Read more > Market Mirror Wednesday, the Dow closed 79.40 points (0.32%) higher at 25,199.29, the NASDAQ was virtually unchanged at 7,854.44, and the S&P 500 increased 6.07 points (0.22%) to 2,815.62. The Russell 2000 was up 4.61 points (0.27%) at 1,691.87, and the Wilshire 5000 gained 98.25 points (0.33%) to finish at 29,438.66. The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.876%. The price of the 30-year Treasury bond decreased 13/32, bringing its yield up to 2.989%.

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