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Weekday news and analysis for retirement plan advisers
Wednesday, December 13, 2023
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Compliance
Fiduciary Rule Proposal Faces 1st Day of Dissent, Advocacy
PAPS-121223-DOL-hearing-1450980331-web
The DOL’s Retirement Security rule is seen as overbearing by some, necessary by others.
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Alera Acquires Plan Advisory Fraser Group
Adviser George Fraser joins Alera as the firm continues its push into retirement plan advisement.
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
Vanguard Bullish on 60/40 Model for Long-Term Savers
A return to normalcy will make this time-tested stock and bond split work again in 2024, according to experts at Vanguard.
Carson Group Snags $1.2B Retirement, Wealth Advisory
Oakeson Steiner is leaving OneDigital for wealth-focused Carson Group.
The SEC on Cybersecurity
Review your policies and procedures—it’s a fiduciary duty
Market Mirror Market Mirror Graph

Tuesday, the Dow rose 173.01 points (0.48%) to close at 36,577.94, the Nasdaq rose 100.91 points (0.70%) to close at 14,533.40 and the S&P 500 rose 21.26 points (0.46%) to close at 4,643.70. The Russell 2000 fell 2.41 points (0.13%) to close at 1,881.27, and the FT Wilshire 5000 Index rose 186.95 points (0.40%) to close at 46,788.64.

The 10-year Treasury note increased 2/32, bringing the yield to 4.207%. The 30-year Treasury bond increased 2/32, bringing the yield to 4.318%.

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