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Thursday, August 17, 2023
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Millennium Trust to Rebrand as Inspira Financial
PA-081623-Millennium-Trust-Rebrands-1320643736-web
The rebranding comes after acquisitions including the purchase of CVS’s Payflex, which brought more employer-based solutions to the trust and custody provider.
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Fidelity: Auto Default Contribution Rate Hits All-Time High of 4.1%
The recordkeeper’s Q2 participant report also finds third-consecutive boost in average retirement account balances on strengthened markets.
Today’s Most Read
1. It’s Time to Rethink Retirement, Says T. Rowe Price
2. ERISA Council Signals More Work Needed for Retirement Income Products in QDIA
3. Enhancing the Retirement Plan Digital Experience
Adviser Product Partnerships
Asure taps Vestwell to offer clients 401(k) benefit; NFP hires Ascend for insurance billing platform; NAIC and U.S. Bancorp partner to increase diversity among alternative asset managers; and more.
Why Wealth Managers Are Engaging Small Retirement Plan Startups
The connection is strengthening between wealth managers and small workplace retirement plan providers to meet the needs of small business owners.
Join PLANADVISER for Today's Practice Progress Webinar: Team Building
Join PLANADVISER’s third iteration of its 2023 Practice Progress webinar series to learn the value of mentorship programs and how to establish one, optimal practices for developing diverse teams and how to define success for an advisory team and its members.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 180.65 points (0.52%) to close at 34,765.74, the Nasdaq fell 156.42 points (1.15%) to close at 13,474.63 and the S&P 500 fell 33.53 points (0.76%) to close at 4,404.33. The Russell 2000 fell 24.24 points (1.28%) to close at 1,871.52 and the FT Wilshire 5000 Index fell 356.30 points (0.80%) to close at 44,424.22.

The price of the 10-year Treasury note fell 25/32, bringing the yield to 4.257%. The price of the 30-year Treasury bond fell 7/32, bringing the yield to 4.353%.

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