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Weekday news and analysis for retirement plan advisers
Tuesday, April 18, 2023
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Pensionmark CEO Says Firm Moving to 50/50 Retirement, Wealth Split by Summer
PA-040323-PensionMark CEO and MandA Head Story-1406175918-web
About one year after being acquired by World Insurance, Pensionmark discusses robust pipeline of wealth adviser transactions ahead.
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Advisory M&A
Aristotle acquires $20B Pacific Asset Management; Beacon Pointe Advisors acquires $1B NY-based advisory; Cetera takes minority stake in $350M adviser; and more.
Today’s Most Read
1. Who Is Most at Risk for Retirement Savings Shortfall?
2. 401(k) Traders Shifting to Fixed Income
3. Supreme Court to Review ERISA Prohibited Transactions
Millennium Trust Will Add Auto-Portability to IRA Rollover This Year
The new functionality is intended to reduce retirement savings leakage and expand access to savings options. 
Social Security Uncertainty Bolsters Use Case for HSAs, Proponents Say
Because of rising health care costs and the predicted insolvency of Social Security, experts tout HSAs as a powerful tool to save up for health care expenses.  
Join Us For Our Virtual HSA Conference - April 19-20
Gain a better understanding of health savings accounts, how to determine employees’ needs and how to evaluate the impact on the overall benefits spend. Join us April 19 – 20 for the virtual PLANADVISER/PLANSPONSOR 2023 HSA Conference.
Market Mirror Market Mirror Graph

Monday, the Dow gained 100.71 points (0.30%) to close at 33,987.18, the Nasdaq gained 34.26 points (0.28%) to close at 12,157.72 and the S&P 500 gained 13.68 points (0.33%) to close at 4,151.32. The Russell 2000 gained 21.68 points (1.22%) to close at 1,802.84 and the Wilshire 5000 increased 166.17 points (0.41%) to close at 41,036.41.

The price of the 10-year Treasury note rose 3/32, bringing the yield to 3.606%. The price of the 30-year Treasury bond increased 2/32, bringing the yield to 3.814%.

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