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Weekday news and analysis for retirement plan advisers
Wednesday, August 17, 2022
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Dover Corporation Faces ERISA Suit Over Managed Account Fees
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The proposed class action lawsuit challenges excessive managed account fees and the retention of Financial Engines, the managed account service provider.
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Workers Remain Worried About Inflation’s Impact on Retirement
High inflation is among the top concerns of retirement savers, but a new survey suggests financial advice can help boost confidence.
Today’s Most Read
1. Small Business “Bullishness” Helping to Drive 401(k) Growth
2. The Scramble to Make the Saver’s Match Work
3. Modern Wealth Surpasses $4B in Less Than 2 Years
GOP Attorneys General Question BlackRock on Fiduciary, Antitrust Concerns
Nineteen Republican state attorneys general signed a letter to BlackRock seeking ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
The Future of Work in the Investment Industry
The CFA Institute’s recent report examines leading trends and explores the future of work in the investment industry.
Could ‘Buy Now, Pay Later’ Trend Weaken Savers’ Financial Wellness?
Some ‘buy now, pay later’ services promise no interest or fees and no impact on a consumer’s credit score—but that is only if the user lives up to all the terms and conditions.
Market Mirror Market Mirror Graph

Tuesday, the Dow increased 239.57 points (0.71%) to close at 34,152.01, the Nasdaq slipped 25.50 points (0.19%) to 13,102.55 and the S&P 500 eked 8.06 points (0.19%) to close at 4,305.20. The Russell 2000 sagged 0.82 points (0.04%) to 2,020.53 and the Wilshire 5000 gained 81.88 points (0.19%) to close at 43,108.70.

The price of the 10-year Treasury note decreased 2/32 bringing the yield up to 2.812%. The price of the 30-year Treasury bond increased 3/32 bringing the yield down to 3.088%.

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