April 28th, 2020

RBC Capital Markets Consents to SEC Share Class Sanctions The firm is accused of disadvantaging certain retirement plan and charitable organization brokerage customers by failing to recognize and act on the fact that they were eligible for less expensive share classes. Read more > CITs Fit Well With Best Interest Service Among the attractive but less-often-discussed features of collective investment trusts is the fact that the sponsoring trustee—a bank or trust company—must commit to acting in the best interest of unit holders. Read more > Industry Effects Already Here The coronavirus has brought a cooling of the pace of M&A, questions about remote work and concerns about what a slowdown in growth could mean for those advisory firms that have been pushing hard for scale. Read more > MOST READ ARTICLES 1 2023 Retirement Plan Adviser of the Year Finalists 2 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Retirement Advisers Increasingly Want PEP Option in Toolbox 5 Complying With the Custody Rule and the New Custody Proposal

Sponsored message from John Hancock State of the participant 2020: readiness within reach Reflections on retirement readiness and ideas for improvement Read more > Will Millennial Workers Switch to Emergency Savings? Industry analysts predict the younger workforce may shift its focus towards emergency savings, instead of retirement, as a result of the COVID-19 crisis. Advisers can help with this shift. Read more > 2020 Top 100 Retirement Plan Advisers Each year, PLANADVISER magazine recognizes the top quantitative standouts from our Retirement Plan Adviser Survey with the Top 100 Retirement Plan Advisers awards. Top 100 designees are named according to the dollar value of qualified plan assets under advisement, as well as the number of plans under advisement. Read more > Market Mirror Yesterday, the Dow closed 358.51 points (1.51%) higher at 24,133.78, the NASDAQ was up 95.64 points (1.11%) at 8,730.16, and the S&P 500 increased 41.74 points (1.47%) to 2,878.48. The Russell 2000 climbed 48.82 points (3.96%) to 1,281.88, and the Wilshire 5000 gained 506.30 points (1.78%) to finish at 28,990.19. The price of the 10-year Treasury note was down 5/32, increasing its yield to 0.653%. The price of the 30-year Treasury bond fell 2 1/32, bringing its yield up to 1.254%.

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