July 25th, 2018

States Start Knitting a Patchwork of Best Interest Fiduciary Regulations With the judicial defeat of the Obama-era DOL fiduciary rule hanging in the air, individual states are moving to establish their own best interest regulations for the sale and service of investment products; attorneys warn that more piecemeal regulation is likely, as are lawsuits to test some complex ERISA preemption issues. Read more > AT&T Defeats ERISA Challenge, but Amended Complaint Is Likely The decision by the U.S. District Court for the Central District of California is short and to the point, stretching just 15 pages and ruling only weakly in favor of the AT&T defendants’ motion to dismiss by allowing room for an amended complaint. Read more > SEC’s Inspections and Examinations Office Demands Best Execution Commentary from Wagner Law Group and Drinker Biddle attorneys highlights what advisers need to know about the SEC’s ongoing analysis of broker/dealer “best execution” issues, as summarized in a recent Risk Alert publication. Read more > Small and Mid-Sized Plans Are the Sweet Spot While retirement plan providers typically aim to serve large and mega-sized plans, Cogent Reports attests that they would be better off going after small and mid-sized plans, those with $5 million to $100 million in assets.  Read more > MOST READ ARTICLES

Sponsored message from JP Morgan Are Your Clients Concerned about Plan Fees? Reducing plan costs is a primary reason why sponsors consider a change in recordkeepers. Address your clients’ cost concerns with a J.P. Morgan 401(k) analysis comparing their current fees with industry averages. DISCOVER POTENTIAL SAVINGS > Read more > Passives, Smart Beta and Alternatives Reshape Investment Landscape According to Boston Consulting Group, among asset management products, passives were far and away the fastest growing category in 2017, with a record 25% increase in AUM over an already very sizable base. Read more > Most Millennials Have Appropriate Allocations This is despite having lived through two bear markets. Read more > BlackRock Calls for Expanding Access to Retirement Plans One measure is to encourage MEPs by eliminating the “nexus” requirement. Read more > Market Mirror Tuesday, the Dow was up 197.65 points (0.79%) at 25,241.94, the NASDAQ lost 1.11 points (0.01%) to 7,840.77, and the S&P 500 increased 13.42 points (0.48%) to 2,820.40. The Russell 2000 closed 18.22 points (1.07%) lower at 1,680.20, and the Wilshire 5000 gained 28.21 points (0.10%) to finish at 29,391.42. The price of the 10-year Treasury note increased 1/32, bringing its yield down to 2.954%. The price of the 30-year Treasury bond grew 10/32, decreasing its yield to 3.077%.

Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850