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Weekday news and analysis for retirement plan advisers
Wednesday, August 10, 2022
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Practice Management
Why Are Financial Services Firms Looking to Wealth Management Leaders?
PA-051122-Rewards Risks Managed Accounts-1205360087-web
The short answer is that more financial services firms are looking at their wealth management divisions as drivers of growth; the long answer is a lot more complicated.
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DOL Announces Fiduciary Responsibilities Seminar in Dallas
The agency says compliance can be challenging for small and medium-sized employers who have limited time, resources and access to professional help.
Today’s Most Read
1. Creative Planning CIO Jim Williams Dies at 46
2. Social Security COLA Projected at 3.2% Ahead of October Decision
3. Marsh McLennan Agency Sees C-Suite Connection in Retirement, Wealth Advisement
Light 401(k) Trades in July Even as Wall Street Posts Strong Month
The latest data from Alight Solutions shows there were no above-normal trading days.
Webinar: CITs and Other Investment Vehicles
The August 16 edition of the PLANADVISER Practice Progress webinar series will take the pulse of the rapidly evolving marketplace of DC plan investments, featuring timely analysis from leading experts. If you are a DC plan adviser who wants to know more about how to invest efficiently via CITs, ETFs and other investment types, you can’t afford to miss the discussion!
2022 PLANADVISER National Conference
September 12 to 14, join top retirement plan advisers from across the U.S., including the PLANADVISER Top Retirement Plan Advisers and Retirement Plan Advisers of the Year, for discussion about and collaboration on breaking down the industry’s limits and barriers. Peers will share how they have achieved or are working toward sustainable success in delivering optimal plan and participant service; impacting the community; addressing diversity, equity and inclusion in their practice; and expanding retirement plan access and coverage.  
Market Mirror Market Mirror Graph

Tuesday, the Dow slipped 58.13 points (0.18%) to close at 32,774.41, the Nasdaq dropped 150.53 points (1.19%) to 12,493.93 and the S&P 500 sagged 17.59 points (0.42%) to close at 4,122.47. The Russell 2000 lost 28.31 points (1.46%) to 1,912.89  and the Wilshire 5000 was down 267.18 points (0.64%) to close at 41,195.61.

The price of the 10-year Treasury note decreased 2/32 bringing the yield up to 2.783%. The price of the 30-year Treasury bond decreased 1/32 bringing the yield up to 2.994%.

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