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Weekday news and analysis for retirement plan advisers
Tuesday, August 29, 2023
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Deals & People
Goldman Sachs Sells Personal Financial Management Unit to Creative Planning
PA-082823-Goldman-and-Creative-516286525-web
The transaction is expected to close in the year’s fourth quarter.
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Advisory M&A
Creative Planning adds CTB Financial Services; TFS Wealth Management joins Pensionmark; Highland Private Wealth sub-acquires Trellis Advisors; and more.
Today’s Most Read
1. It’s Time to Rethink Retirement, Says T. Rowe Price
2. Fidelity to Limit Third-Party Credential-Sharing for 401(k) Access
3. More Than Half of Plan Advisers Expect to Use AI
Construction, Farming, Among Sectors with Lowest Retirement Plan Access
There is a role for financial advisers, accountants, and payroll providers to improve the plan coverage gap across industries, alongside shifting worker expectations and state mandates.
NQDC Plans, Which Can Improve Retention, Are Underutilized by Participants
According to NFP, the vast majority of employers feel competing for talent is more expensive than ever, and businesses are turning to creative offers to keep executives satisfied without breaking the bank. 
Do 3(38)s Assume More Risk?
The answer may not be what you’d expect.
Market Mirror Market Mirror Graph

Monday, the Dow rose 213.08 points (0.62%) to close at 34,559.98, the Nasdaq rose 114.49 points (0.84%) to close at 13,705.13 and the S&P 500 rose 27.60 points (0.63%) to close at 4,433.31. The Russell 2000 rose 15.38 points (0.83%) to close at 1,869.01, and the FT Wilshire 5000 Index rose 287.43 points (0.65%) to close at 44,678.09.

The 10-year Treasury note rose 3/32, bringing the yield to 4.203%. The 30-year Treasury bond rose 1/32, bringing the yield to 4.282%.

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