November 14th, 2019

Hub International’s Ambitious Vision for the Retirement Market Linking health care and wealth management; maximizing practice efficiency and cross-selling opportunities; addressing individuals’ insurance and financial wellness needs—Hub’s new retirement plan specialist advisers hope to do all of this and more. Read more > 401(k) Equity Allocations Edged Higher in October While trading during the month favored fixed-income funds, with the positive stock market movements, average asset allocation in equities increased from 67.1% in September to 67.3% in October. Read more > SEC Issues Proxy Guidance The SEC explains in considerable detail how an adviser should comply with the act when he engages third-party proxy voting firms to help conduct voting activities. Importantly, the release stresses that hiring a third party does not absolve the adviser of compliance with his fiduciary duties and obligations under Rule 206(4)-6. Read more > MOST READ ARTICLES

One-on-One Meetings Best practices for making the most of the time. Read more > DIAs as a 401(k) Default Very few defined contribution (DC) retirement plans in the U.S. today pay out lifetime income streams—a scarcity that leaves many retirees at the risk of running out of money. Read more > Financial Finesse Expands Offering for Advisers Financial Finesse enterprise is focused on serving financial services firms seeking to evolve their impact by providing participants with access to financial coaching resources designed to accommodate all life stages. Read more > Market Mirror Wednesday, the Dow closed 92.10 points (0.33%) higher at 27,783.59, the NASDAQ was down 3.99 points (0.05%) at 8,482.10, and the S&P 500 increased 2.20 points (0.07%) to 3,094.04. The Russell 2000 decreased 5.94 points (0.37%) to 1,589.18, and the Wilshire 5000 was up 9.16 points (0.03%) at 31,497.28. The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.889%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 2.368%.

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