PLANADVISERdash – April 28, 2021

Weekday news and analysis for retirement plan advisers

Wednesday, April 28, 2021

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Advisers Giving Back: Sean Patton

Raised by his family to believe in the importance of giving back, Patton now leads various important efforts in the Rochester community, from supporting breast cancer research advocates to helping run an adventure camp for children and young adults with disabilities.

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The Inside Take: Ascensus CEO on GIC, Stone Point Acquisition

Ascensus CEO David Musto says the goal of the deal is not for his firm to radically shift its strategy or change its approach to doing business; instead, the transaction is about scale, resources and knowledge-sharing.

Today’s Most Read

1.	Ascensus to Acquire Vanguard’s Individual 401(k) Business
2.	Victory to Acquire Amundi’s $104B U.S. Division
3.	Rebutting 7 Retirement Income Concerns

Aon, Alight Win Lawsuit Alleging PRT Failures

Following a bench trial, said the firms “acted prudently and reasonably in administrating, investing and terminating the pension plan.”

Lifetime Income Illustrations

Preparing committees for this SECURE Act requirement.

Once They Catch On, PEPs Could Grow Exponentially

The current hesitancy over how they will take shape will be overcome by appreciation among advisers and sponsors alike at the prospect of expanding retirement coverage, sources say.

Marketing Tips for 401(k) Plan Professionals

Rebecca Hourihan, founder of 401(k) Marketing, offers suggestions to help advisory industry professionals feel more confident in their personal brand.

Market Mirror

Tuesday, the Dow was up 3.36 points (0.01%) at 33,984.93, the Nasdaq closed 48.56 points (0.34%) lower at 14,090.22, and the S&P 500 was virtually unchanged at 4,186.72. The Russell 2000 increased 3.26 points (0.14%) to 2,301.27, and the Wilshire 5000 was virtually unchanged at 44,049.36.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.623%. The price of the 30-year Treasury bond fell 1 1/32, bringing its yield up to 2.298%.

Industry Intel Roundup Featured Webinars

PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.

September 24, 2024

DCIO and Investment Menu Survey

They say the devil is in the details. That’s particularly true when it comes to the investment menu and its results to participants for years—sometimes decades—of their lives. This PLANADVISER webinar will consider 2024 trends in DCIO offerings and best practices for the modern-day plan adviser.