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 | RIA M&As Show No Sign of Slowing Down in 2020Industry executives also say that valuations for strong companies are holding steady, even as the pandemic raises broader economic challenges. Read more > |
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| 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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