Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 17th, 2020

RIA M&As Show No Sign of Slowing Down in 2020

Industry executives also say that valuations for strong companies are holding steady, even as the pandemic raises broader economic challenges. Read more >
15th Anniversary of RPAY: Rick Wedge
When he won the 2010 Retirement Plan Adviser of the Year award, Rick Wedge’s practice had $300 million in assets under advisement. Today, Wedge, a managing director with Pensionmark, advises on more than $1 billion. Read more >
2020 Digital PLANADVISER National Conference Registration
Join us live from the comfort of your desk September 14 to 18, 2020! Our agenda has been entirely redesigned with a focus on navigating this challenging business environment. Follow the link to learn more. Read more >
Northshire Consulting Selects 401GO as Recordkeeper
The partnership will focus on the firm’s National Chamber of Commerce Micro Market Solution. Read more >
Sponsored message from New York Life Investments
Are you setting-and-forgetting your retirement plans?
Adding high-yield bonds has the potential to improve a balanced portfolio. And have historically generated better returns over time. Read our Market Trends and Analysis white paper to learn more.  Read more >
Nearly Two-Thirds of Americans Don’t Have Emergency Savings to Last Six Months
More than half of Americans are earning half or less than half of their pre-pandemic income, and 31% have lost their entire income, a FlexJobs and Prudential survey has revealed. Read more >
$39.5 Million Settlement Agreed to in DC Plan Excessive Fee Suit
McKinsey & Co. and an RIA it owned were accused of ERISA violations that included prohibited transactions. Read more >
Retirement Industry People Moves
Hall Benefits Law announces changes to ERISA team and BNY Mellon elects governance expert to Board of Directors. Read more >
Market Mirror
Friday, the Dow was up 34.30 points (0.12%) to close at 27,931.02, the NASDAQ was down 23.20 points (0.21%) to end at 11,019.30, and the S&P 500 was down 0.58% (0.02%) to 3,372.85. The Russell 2000 ticked downwards by 1.91 points  (0.12%) to end at 1,577.88, and the Wilshire 5000 was down by 14.57 points (0.04%) for a 34,478.01 close. The price of the 10-year Treasury was up 2/32, decreasing its yield to 0.688%, and the price of the 30-year Treasury bond was up 7/32, decreasing its yield to 1.420%. WEEK’S WORTH: For the week ending August 14, the Dow climbed 1.81%, the NASDAQ was up 0.08%, and the S&P 500 gained 0.64%. The Russell 2000 increased 0.55%, and the Wilshire 5000 finished 0.62% higher.
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