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Weekday news and analysis for retirement plan advisers
Friday, August 25, 2023
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Investors Nearing Retirement Seek Strong Support and Brand Familiarity, Cerulli Reports
PA-082423_Cerulli_Investor_Nearing_Retirement-1271507044-web
Latest research found 45% of investors prefer an adviser affiliated with a national firm when they are nearing retirement.
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Future Capital and Wealth Advisory TLG Partner On 401(k) Investment Management
Deal to connect 401(k) accounts to wealth advisory signals further push in retirement and wealth management convergence, says Future Capital CEO.
Today’s Most Read
1. LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
2. LPL’s Arnold Has Settlement Chance as Steinmeier Called Worthy Successor
3. Charles Schwab CEO Walt Bettinger to Retire
Investment Product and Service Launches
Snappy Kraken introduces AI email builder; American Life & Security Corp. launch annuity product; Vanguard expands active lineup; and more.
Big Increase in Health Care Costs Projected for Employers in 2024
Aon estimates per-employee cost at more than $15,000, up 8.5% from 2023 figures.
Book Now: PLANADVISER's National Conference, September 11-13
Join us at the 2023 PLANADVISER National Conference this September to network with peers and plan sponsors, hear from industry experts, and support junior staff members in becoming future retirement plan leaders. Sign up now!
Market Mirror Market Mirror Graph

Thursday, the Dow fell 373.56 points (1.08%) to close at 34,099.42, the Nasdaq fell 257.06 points (1.87%) to close at 13,463.97 and the S&P 500 fell 59.70 points (1.35%) to close at 4,376.31. The Russell 2000 lost 23.75 points (1.27%) to close at 1,846.28, and the FT Wilshire 5000 Index lost 604.32 points (1.35%) to close at 44,104.98.

The 10-year Treasury note decreased 4/32, bringing the yield to 4.241%. The 30-year Treasury bond decreased 28/32, bringing the yield to 4.306%. 

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