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Weekday news and analysis for retirement plan advisers
Monday, December 06, 2021
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2021 Practice Progress Webinar Series
Steps to Advance Diversity in the World of Finance
Successful advisers say mentorship is a key to solving the industry’s clear and present diversity problem. There are other strategies that work as well, including creating compensation frameworks that take into account the challenges of moving from a salary or hourly-based position to a job frequently involving commissions and potentially complex, incentive-based pay structures. 
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ERISA Suit Dismissal Shows How Claims Can Fall Short
The district court accepted a magistrate judge’s recommendation and dismissed the case based on the plaintiffs’ failure to state an actionable claim regarding the retirement plan fees they pay.
Today’s Most Read
1. Ascensus to Acquire Vanguard’s Individual 401(k) Business
2. Victory to Acquire Amundi’s $104B U.S. Division
3. Small Plan Growing Pains
Sponsored by Lincoln Financial
Introducing Lincoln PathBuilder Income(SM)
Adding protected income into employee retirement plans, making benefits more beneficial. Discover More.
Retirement Industry People Moves
Mercer Advisors announces new acquisition; Lincoln Financial Group names new chief officers; Smart appoints merger and acquisition director; and more.
QPA Launches PEP Featuring Adviser Managed Accounts
The pooled plan solution is being launched in partnership with Newport Group.
2021’s Hardships Redefine Financial Wellness Goals
With so many Americans having gone through tough times over the past two years, a new study looks at how this has affected their financial well-being and sense of the future.
Market Mirror Market Mirror Graph

Friday, the Dow was down 59.71 points (0.17%) at 34,580.08, the Nasdaq lost 295.85 points (1.92%) to finish at 15,085.47, and the S&P 500 decreased 38.67 points (0.84%) to 4,528.43. The Russell 2000 fell 47.02 points (2.13%) to 2,159.31, and the Wilshire 5000 closed 541.84 points (1.16%) lower at 46,360.86.

The price of the 10-year Treasury note increased 31/32, bringing its yield down to 1.355%. The price of the 30-year Treasury bond climbed 1 32/32, decreasing its yield to 1.682%.

For the week ending December 3, the Dow was down 0.91%, the Nasdaq lost 2.62%, and the S&P 500 decreased 1.44%. The Russell 2000 fell 3.86%, and the Wilshire 5000 finished 2.15% lower.

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