PLANADVISER Weekend Newsdash
Week ending December 14th, 2018

Happy Friday, readers! Experienced advisers will likely agree that helping clients accept equity market volatility is one of their biggest challenges. Simply put, most advisers have learned how to cope with and understand the role of volatility, but their clients have not. The disparity between adviser and client perspectives highlights the importance of open, frequent communication—and of establishing and following a carefully constructed investment plan.

Dealing With Volatility
Managers’ Long-Term Outlook Gives Context for Current Volatility
Despite slowing global growth, disparate inflation rates, and continued normalization of U.S. monetary policy, economists with Vanguard and J.P. Morgan Asset Management believe that a near-term recession will be avoided. Read more >
J.P. Morgan Offers 2019 to 2029 Capital Market Assumptions
If they do not embrace immigration in a big way, developed economies are likely to run into labor shortages that will curtail their growth potential; emerging markets will likely benefit from demographic trends. Read more >
Active Management Insights from Putnam CEO Bob Reynolds
As the firm launches a new initiative to educate investors about active management opportunities, Putnam CEO Bob Reynolds says he is optimistic that an improved retirement landscape will take shape in 2019. Read more >
Stock Market Volatility Brings Predictable 401(k) Trading Spike
Preliminary data shared by Alight Solutions shows the firm’s 401(k) trading index spiked on Monday October 29; investors making moves shunned growth assets and paid premium prices for fixed income. Read more >
Strategic Perspective Is a Key Commodity During Bouts of Volatility
As recently as mid-2016 it was common to hear advisers describe significant market volatility as the new normal, but since then the global equity markets have been remarkably stable and generous; so it makes some sense, experts agree, that investors are feeling jittery as volatility returns to the fore. Read more >
MOST POPULAR STORIES
House Subcommittee Witnesses Bash SEC’s Regulation Best Interest

Out of five witnesses called before the House Subcommittee on Investor Protection, Entrepreneurship and Capital markets, just one spoke favorably about the SEC’s conflict of interest regulations—and his support was conditioned on the SEC taking further action in this area.

Mixed Ruling in Oracle ERISA Suit Strongly Favors Defense

Despite a setback for Oracle at the class certification stage, a new ruling out of a federal court in Colorado pushes back strongly against many—but not all—of the plaintiffs’ claims.

Retirement Industry People Moves

Nationwide Retirement Plans adds consultant relations director; Chalice creates partnership with Orion Services; GoldPoint Partners appoints managing principle; and more. 

2019 PLANSPONSOR Retirement Plan Adviser of the Year Finalists
The 2019 PLANSPONSOR Retirement Plan Adviser of the Year finalists have demonstrated leadership and a commitment to excellence for their retirement plan sponsor clients and participants. Congratulations to all the firms on the list!
Many Widows, Divorcees Feel Patronized by Financial Advisers

If they feel this way, they are inclined to shun advisers altogether, New York Life Investments learned in a survey.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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