December 4th, 2020

As Pandemic Drags On, Don’t Let Clients Forget the Fundamentals Advisers should watch out for unwitting partial plan terminations tied to layoffs and lasting damage to employees’ retirement readiness caused by hardship withdrawals. Read more > Nasdaq Aims to Require Listed Companies to Disclose Diversity on Their Boards The exchange operator has submitted a proposal, which would also require boards to have two diverse directors, to the SEC. Read more > Bank of America to Launch Managed Account Service for Retirement Plans This is the first time it is pairing a managed account and retirement planning solution from its chief investment office. Read more > Investment Product and Service Launches Domini Impact Investments releases mutual fund; FIDx partners with American Equity and Eagle Life; and ASI launches several ESG-focused funds Read more > MOST READ ARTICLES

Whether—and How—to Vote Proxies DOL proposal could complicate this plan-fiduciary job. Read more > A Return to Rollover Advice The DOL revisits the potential for adviser/client ongoing relationships. Read more > Market Mirror Thursday, the Dow closed 85.73 points (0.29%) higher at 29,969.52, the NASDAQ increased 27.82 points (0.23%) to 12,377.18, and the S&P 500 was down 2.29 points (0.06%) at 3,666.72. The Russell 2000 gained 12.66 points (0.69%) to finish at 1,848.70, and the Wilshire 5000 was up 80.00 points (0.21%) at 38,304.54.   The price of the 10-year Treasury note was up 3/32, decreasing its yield to 0.905%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 1.657%.

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