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Weekday news and analysis for retirement plan advisers
Friday, August 13, 2021
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PRODUCTS
A Managed Account Q&A With LeafHouse and iJoin
The firms, which collaborated to launch a new adviser managed account solution, say the retirement plan industry has both the capability and the obligation to close the workplace retirement savings coverage gap. 
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Investment Product and Service Launches
Hartford Funds builds ESG-focused ETF; MSCI acquires RCA; and Wilshire releases systematic cross premia index.
Today’s Most Read
1. Biden’s First Veto Keeps DOL’s ESG Rule in Place
2. Experts Predict Major Growth in Retirement Coverage, Benefits
3. Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Advocates Applaud New Elder Justice Bill
The Elder Justice Reauthorization and Modernization Act of 2021 dedicates funding to programs to address vulnerable seniors’ needs, and its advocates say the financial services industry has a critical role to play in protecting the public.
Caution Needed Regarding Rollovers
Many recommendations may now be investment advice.
RIA Aggregators Aim for Small-Plan Market Expansion
OneDigital and Ascensus recently announced the availability of a ‘co-created small market solution,’ making OneDigital the latest adviser aggregator to launch a DC plan solution targeted at small businesses.
Market Mirror Market Mirror Graph

Thursday, the Dow increased 14.88 points (0.04%) to 35,499.85, the Nasdaq closed 51.13 points (0.35%) higher at 14,816.26, and the S&P 500 was up 13.13 points (0.30%) at 4,460.83. The Russell 2000 was down 6.27 points (0.28%) at 2,244.07, and the Wilshire 5000 gained 117.38 points (0.25%) to finish at 46,366.29.

The price of the 10-year Treasury note decreased 22/32, bringing its yield up to 1.369%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.006%.

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