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Weekday news and analysis for retirement plan advisers
Monday, August 30, 2021
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Proposals That Please
With many specialist practices willing to take on an investment fiduciary role, simply confirming in an RFP response that your firm will serve as a fiduciary is not enough. “Once you get to plans above $5 million, that is almost a ‘check the box’ type of thing,” says Chris Donnelly, who is head of the national RFP team in his role as chief advisory services officer at SageView Advisory Group.
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SEC Eyes Data Collection Conflicts in New Comment Request
SEC Chair Gary Gensler says the emergence of new investment technologies that embrace gamification and collect user data raises questions as to whether investors are appropriately protected.
Today’s Most Read
1. Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
2. 2023 Retirement Plan Adviser of the Year Finalists
3. With SECURE 2.0, the Cash Balance DB Plan May Be Back
RIAs Leave NYC in ‘Mini Exodus’; More Move to Florida
The COVID-19 pandemic has presented an opportunity for firms to reconsider their physical footprint and relocate their headquarters to new areas that better suit their needs.
GAO Finds Most Participants Stumble Over Fee Disclosures
It has made recommendations to the DOL for helping plan participants understand and better use the information.
Cybersecurity and ERISA
DOL guidance should prompt clients to ask for help with compliance.
Market Mirror Market Mirror Graph

Friday, the Dow was up 242.68 points (0.69%) at 35,455.80, the Nasdaq gained 183.69 points (1.23%) to finish at 15,129.50, and the S&P 500 increased 39.37 points (0.88%) to 4,509.37. The Russell 2000 climbed 63.17 points (2.85%) to 2,277.15, and the Wilshire 5000 closed 497.14 points (1.07%) higher at 46,877.86.

The price of the 10-year Treasury note was up 5/32, decreasing its yield to 1.307%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 1.908%.

For the week ending August 27, the Dow was up 0.96%, the Nasdaq gained 2.82%, and the S&P 500 increased 1.52%. The Russell 2000 climbed 5.05%, and the Wilshire 5000 finished 2.11% higher.

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