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Weekday news and analysis for retirement plan advisers
Tuesday, August 01, 2023
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Special Coverage: Small Plans
This month’s PLANADVISER special coverage focuses on the advisers and providers engaging in small retirement plan creation and management.
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Vanguard Expands Retirement Clearinghouse Eligibility to IRA Account Holders
The asset manager, which has partnered with the clearinghouse on 401(k) rollovers since 2021, is turning to forgotten IRAs.
Today’s Most Read
1. It’s Time to Rethink Retirement, Says T. Rowe Price
2. ERISA Council Signals More Work Needed for Retirement Income Products in QDIA
3. Enhancing the Retirement Plan Digital Experience
Plan Sponsors Want More Automatic Retirement Features to Help Unengaged Participants
A TIAA survey of 80 plan sponsors points to the need for plan sponsors, advisers and providers to provide a low-cost default retirement income option.
Advisory M&A
LPL brings on $6.5B RIA; Sanctuary snags former UBS firm; Steward acquires Vantage Point from Merrill; and more.
SEC Proposes Restricting Internet Adviser Exemption
The proposal would require online financial advisers registered with the SEC to conduct business solely through their respective websites, as opposed to offering a mix of in-person and digital.
Market Mirror Market Mirror Graph

Monday, the Dow rose 100.24 points (0.28%) to close at 35,559.53 the Nasdaq rose 29.37 points (0.21%) to close at 14,346.02 and the S&P 500 rose 6.73 points (0.15%) to close at 4,588.96. The Russell 2000 rose 21.64 points (1.09%) to close at 2,003.18 and the FT Wilshire 5000 Index rose 126.52 points (0.27%) to close at 46,450.21.

The price of the 10-year Treasury note fell 1/32, bringing the yield to 3.961%. The price of the 30-year Treasury bond was unchanged, bringing the yield to 4.012%.

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