August 12th, 2019

A New Normal? Time To Recheck Interest Rate Assumptions Among the remarkable characteristics of today’s global fixed-income marketplace is the $15 trillion invested in negatively yielding bonds. Read more > FINRA Pledges Resources to Support Members’ SEC Reg BI Compliance The self-regulatory organization says it will help members implement the SEC’s sweeping new conflict of interest disclosure rules. Read more > How to Help Sponsors Measure the Success of Their Financial Wellness Programs It should start with determining sponsors’ concrete goals and can then move to usage metrics Read more > An Array of Models Some advisers find opportunities through aggregation or affilliation Read more > MOST READ ARTICLES 1 Franklin Templeton to Acquire Putnam for $925 Million 2 Congress Says It Will Fix at Least 4 Errors in SECURE 2.0 3 SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform 4 Smart Acquires Managed Account Provider ProManage 5 Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say

IRS Private Letter Ruling Solves Crucial Annuity Transaction Friction Point A new IRS private letter ruling essentially conforms the tax treatment of properly structured advisory fees from non-qualified annuity contracts to those paid out of qualified accounts, which typically are not treated as taxable distributions. Read more > Retirement Industry People Moves Horizon Investments names head of portfolio management; FS Investments names chief technology and operations officer; and more Read more > Market Mirror Friday, the Dow lost 90.75 points (0.34%) to finish at 26,287.44, the NASDAQ closed 80.02 points (1.00%) lower at 7,959.14, and the S&P 500 was down 19.44 points (0.66%) at 2,918.65. The Russell 2000 decreased 19.09 points (1.25%) to 1,513.04, and the Wilshire 5000 fell 231.95 points (0.77%) to 29,945.62.   The price of the 10-year Treasury note decreased 24/32, bringing its yield up to 1.739%. The price of the 30-year Treasury bond fell 26/32, increasing its yield to 2.255%.   WEEK’S WORTH: For the week ending August 9, the Dow lost 0.75%, the NASDAQ decreased 0.56%, and the S&P 500 was down 0.46%. The Russell 2000 fell 1.34%, and the Wilshire 5000 finished 0.58% lower.

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