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December 12th, 2017 |
| Onboarding ClientsNewport Capital Group in Red Bank, New Jersey, winner of the 2016 PLANSPONSOR Plan Adviser Large Team of the Year designation, offers up tips and strategies for getting to know new plan sponsor clients. The advisory firm believes it is important to “thoroughly understand each plan sponsor’s goals for its company.” Immediately upon starting with a new client, the practice sits down with and asks its executives what issues are the most pressing—both for the company and for individual employees.
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Nearly Half of Americans Say Their Financial Situation Improved in 2017 | “Financial resolutions are on the decline because many people are feeling better about their personal financial situation and are generally optimistic about what 2018 will bring,” says Ken Hevert, senior vice president of retirement at Fidelity. “If you don’t feel a burning need to create a financial resolution, you can still resolve to identify financial areas needing improvement and make some smart financial moves before December 31.”
Read more > | | LDI Moves to the Fore for DB Plans | Cerulli Associates’ research shows the advent of more liability-driven investing (LDI) programs is “coincident with the broader movement toward more customized, objective-based multi-asset investment strategies for institutional investors instead of the traditional strategies that were de facto one-size-fits-all solutions.”
Read more > | | Fi360 Releases Fee Benchmarker Update |
The benchmarking tool is now fully integrated with Fi360’s Fiduciary Focus Toolkit, which automates workflow and oversight to ensure fiduciary best practices.
Read more > | | Market Mirror | Yesterday, the Dow closed 56.87 points (0.23%) higher at 24,386.03, the NASDAQ increasesd 35.00 points (0.51%) to 6,875.08, and the S&P 500 increased 8.49 points (0.32%) to 2,659.99. The Russell 2000 decreased by 1.88 points (0.12%) to 1,519.84, and the Wilshire 5000 gained 77.63 points (0.28%) to finish at 27,594.30.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.386%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 2.777%.
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