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 >
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
T. Rowe Price Agrees to Settle Proprietary Funds Lawsuit for $7 Million
Retirement Industry People Moves
Judge Dismisses Most Claims in Intel ERISA Lawsuit
Employees More Concerned About Immediate, Rather Than Future, Financial Needs
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.
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850