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Weekday news and analysis for retirement plan advisers
Monday, August 16, 2021
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COMPLIANCE
Court Denies Dismissal of Amway ERISA Lawsuit
Among other allegations, the complaint says defendants continued to offer certain investment options despite the availability of identical or similar investment options with lower costs and/or better performance.
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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. 
Today’s Most Read
1. Small Plan Growing Pains
2. Victory to Acquire Amundi’s $104B U.S. Division
3. NewRetirement, With $20M In Hand, Seeks Workplace Partners
Retirement Industry People Moves
Mutual of Omaha retirement services hires internal wholesalers; Wells Fargo Advisors selects head of independent advisor group; Jennison Associates announces senior hires; and more.
Parents Need Education About College Costs and Help Planning for It
A Fidelity Investments study found high school parents expect the annual cost of college to be far lower than what the College Board reports.
Scrutinizing TDFs and Considering Balanced Funds
Both options hold more than a trillion dollars in assets; weighing their relative merits remains an important task for advisers and their clients.
How Leaders Are Addressing the Adviser Gender Gap
Although they make up more than half the population, currently less than 20% of financial advisers are women. This raises the question of just what is so unwelcoming about the advisory business.
Market Mirror Market Mirror Graph

Friday, the Dow closed 15.53 points (0.04%) higher at 35,515.38, the Nasdaq was up 6.64 points (0.04%) at 14,822.90, and the S&P 500 increased 7.17 points (0.16%) to 4,468.00. The Russell 2000 lost 20.96 points (093%) to finish at 2,223.11, and the Wilshire 5000 closed 12.35 points (0.03%) higher at 46,378.57.

The price of the 10-year Treasury note increased 29/32, bringing its yield down to 1.289%. The price of the 30-year Treasury bond climbed 1 26/32, decreasing its yield to 1.931%.

For the week ending August 13, the Dow gained 0.87%, the Nasdaq was down 0.09%, and the S&P 500 finished 0.71% higher. The Russell 2000 fell 1.10%, and the Wilshire 5000 increased 0.51%.
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