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Weekday news and analysis for retirement plan advisers
Monday, December 19, 2022
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RetireOne Adds Nationwide RIA Annuities As Advisers Consider Options
PA-121622-Nationwide Annuity Partnership Skeptical Advisers-1334505063-web
Insurance outsourcing firm RetireOne partners with Nationwide on annuities for investment advisers. But recent research brings into question just how much advisers want to talk annuities with clients.
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Retirement Industry People Moves
Northern Trust makes key fund hires; Edelman Financial Engine buys California-based retirement advisory; Prime Capital Partners with PFS to enter Sioux Falls and South Dakota markets; and more.
Today’s Most Read
1. Vestwell Adds TIAA Lifetime Income Offering
2. Salesforce Settles 401(k) Suits for $1.35M
3. Alera Group Acquires $24B Advanced Capital Group
Senator Braun and Congressman Barr Resolve to Overturn “Woke” ESG Rule
The two legislators introduced a resolution Thursday that would invalidate the DOL’s new rule permitting ESG in retirement plans. It is not expected to pass but is part of a pattern of Republican hostility to ESG.
Experts: Employers Can Help with Student Loan Management
There are numerous student loan debt assistance and benefit options that advisers can bring to employers, according to a panel of experts who met last week. 
2023 Retirement Plan Adviser of the Year Nominations Are Open
We need your help recognizing the best advisers and adviser teams in the country. Nominations are now being accepted in six categories: Plan Sponsor Service; Plan Participant Service; Mentorship; Efforts in Diversity, Equity and Inclusion (DEI); Community Impact and Giving Back; and Closing the Coverage Gap. Self-nominations are not allowed, and nominations for the Plan Sponsor Service and Plan Participant Service categories can only come from plan sponsor clients. Nominations close January 15, so make your submission soon.
Market Mirror Market Mirror Graph

Friday, the Dow decreased 281.76 points (0.85%) to close at 32,920.46, the Nasdaq lost 105.11 points (0.97%) to close at 10,705.41 and the S&P 500 decreased 43.39 points (1.11%) to close at 3,852.36. The Russell 2000 decreased 11.19 points (0.63%) to close at 1,763.42 and the Wilshire 5000 lost 410.55 points (1.06%) to close at 38,217.00.

The price of the 10-year Treasury note increased 1/32 and the was yield up to 3.489%. The price of the 30-year Treasury bond rose 2/32 to yield 3.545%.

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