Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 31st, 2020

The Year in Exclusives

Greetings PLANADVISER readers. This final newsletter for 2020 compiles some of our best exclusive online news content from the year. We hope the reporting contained herein can help you prepare for a successful 2021, and we encourage you to share some of what you read with a client or colleague. We’ll be back in the New Year with more timely and informative content focused on the retirement plan advisory industry. Read more >
HUB International Running Full Steam Ahead on RIA Acquisitions
The aggregator expects it will announce several more acquisitions of leading retirement plan advisory firms this year and have a busy 2021. Read more >
Familiar Fiduciary Concerns Voiced as PEP Market Takes Shape
As with any type of innovation, it should be expected that the architecture, structure and governance of PEPs will likely change over time. Read more >
Salesforce Ruling Offers Key Lessons About Revenue Sharing, Fee Litigation
The dismissal ruling pushes back against overly broad claims suggesting that actively managed mutual funds and revenue sharing are inherently imprudent in qualified retirement plans. Read more >
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
The Future of Work in the Investment Industry
Lawsuit Against Northern Trust Over TDFs Will Proceed
Why LinkedIn Premium Reigns Supreme for Financial Advisers
Putnam executives Mark McKenna and Rene Taber explain why LinkedIn has emerged as the social media platform of choice for financial advisers—and why many advisers are now paying for LinkedIn’s premium features. Read more >
Why to Consider Minority Stake PE Investments
Minority stake investments made by private equity firms are common in some industries. Might the registered investment adviser space be next? Read more >
COVID-19: Changing Portfolio Management Forever
In a preview of our upcoming print edition, three large target-date fund managers weigh in on the current market—and what comes next. Read more >
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties. Read more >
The Financial Services Industry Can Help Tackle Economic Inequality
Each U.S. household in the bottom half of the wealth distribution has only $20,000 of net worth, on average, a figure that represents less than 0.1% of those at the very top. Helping more people to own homes and to invest even modestly in the stock market are seen as critical steps to closing that gap. Read more >
First Time Advising in a Bear Market?
It’s easy to tell clients their accounts have grown by leaps and bounds, but helping them calmly navigate a severe and sustained market downturn is another matter. Read more >
Blockchain and AI’s Role in Retirement Planning
Among the most popular ideas for the use of blockchain is creating verified digital identities for participants, while others hope to use artificial intelligence to scale up personalized services. Read more >
Estate Plan Essentials
What should advisers understand about the patterns of inheritance, and how can they be prepared to help their clients make the most of any windfall? Read more >
Market Mirror
Wednesday, the Dow closed 73.89 points (0.24%) higher at 30,409.56, the NASDAQ increased 19.78 points (0.15%) to 12,870.00, and the S&P 500 was up 5.00 points (0.13%) at 3,732.04. The Russell 2000 fell 23.96 points (1.20%) to 1,979.99, and the Wilshire 5000 gained 100.65 points (0.26%) to finish at 39,301.25. The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.926%. The price of the 30-year Treasury bond increased 26/32, bringing its yield down to 1.661%.
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