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Wednesday, August 02, 2023
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Fidelity AUA Jumps 18% Year-Over-Year in Q2 to $11.7T
PA-080123-Fidelity-Reports-AUA-Jump-Principal-Large-Plans-Down-1074233926-web
Recordkeeper Principal reports SMB retirement plan growth and volatility among large plan sponsors, and Prudential's institutional retirement unit had pension risk transfer growth.
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Carson Group Starts Beta Testing for New Financial Wellness Program
The wealth manager plans to join other big RIAs in serving participants with its own financial wellness program, according to its head of wealth solutions.
Today’s Most Read
1. LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
2. Charles Schwab CEO Walt Bettinger to Retire
3. DC Plan Experts See Slow, Steady Progress in Plan Personalization
SEC Proposal Would Require Elimination of Conflicts When Using AI and Similar Technology
The proposal applies to the use of wide range of technologies, including predictive analytics, that might put the firm’s interests over the client.
Florida Man Buys Massive Black Diamond with Ill-Gotten Crypto Gains, SEC Says
The SEC alleges that Richard Heart offered unregistered cryptocurrency and spent investor assets on personal luxury goods.
Plan Adviser Marketing Tactics at the 2023 PLANADVISER National Conference
Learn how to promote your value at the PLANADVISER National Conference, September 11 – 13! Rebecca Hourihan founded her firm, 401(k) Marketing, LLC, on the idea that retirement plan advisers are specialists and should promote their unique skill set. Her presentation will help you market your expertise and build long-lasting brand awareness.
Market Mirror Market Mirror Graph

Tuesday, the Dow gained 41.15 points (0.20%) to close at 35,630.68, the Nasdaq lost 62.11 points (0.43%) to close at 14,283.91, and the S&P 500 lost 12.23 points (0.27%) to close at 4,576.73. The Russell 2000 fell 9.01 points (0.45%) to close at 1,994.17, and the FT Wilshire 5000 Index fell 136.68 points (0.29%) to close at 46,313.54.

The 10-year Treasury note rose 2/32, bringing the yield to 4.032%. The 30-year Treasury bond rose 2/32, bringing the yield to 4.095%.

Industry Intel Roundup Featured Webinars
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.
December 18, 2024
Year in Review
Join PLANADVISER to hear from some of the top advisers of 2024 about the year that was. What did these advisers do that worked well? What projects fell on their face? What learnings will they take into the year ahead? Join us with your questions—and anecdotes—from a year in plan advising.
September 24, 2024
DCIO and Investment Menu Survey
They say the devil is in the details. That’s particularly true when it comes to the investment menu and its results to participants for years—sometimes decades—of their lives. This PLANADVISER webinar will consider 2024 trends in DCIO offerings and best practices for the modern-day plan adviser.
March 21, 2024
SECURE 2.0 Now
SECURE 2.0 is a little more than 1 year old, but many of its mandates and provisions just started this year. This PLANADVISER webinar will cover how SECURE 2.0 provisions are progressing in 2024 and any hiccups or concerns being seen by plan advisers and their clients.
February 8, 2024
Retirement and Wealth Convergence
T. Rowe Price found that, in just a few years, all large retirement plan advisers have added wealth management divisions. But what are the strategic goals of the retirement and wealth convergence? Are there measurable results? Should the industry be concerned about conflicts of interest? Hear from industry experts in this PLANADVISER webinar.
November 16, 2023
2023 PA Practice Progress Webinar Series: Participants
What do participants want from retirement plan advisers? How can advisers best meet their needs? As retirement plan advisers work more closely with participants and perhaps add wealth management to their practices, what do they need to keep in mind to fulfill their fiduciary duties? These questions and more will be answered in the final webinar in PLANADVISER’s Practice Progress series for 2023.
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