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Weekday news and analysis for retirement plan advisers
Friday, February 17, 2023
Exclusives | Awards | Research | Events
Deals & People
Labor Secretary Walsh Departing to Lead NHL Player Union
PA-020722-Walsh to leave DOL for NHL-1420649504-web
The DOL confirmed reports that Walsh will depart in mid-March; deputy secretary Julie Su will serve as acting secretary.
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60/40 Portfolio Can Be Improved With Creative Use of Alternatives, Experts Say
After stock-and-bond “bloodbath” in 2022, retirement savers may want to rework the old 60/40 return model.
Today’s Most Read
1. Small Business “Bullishness” Helping to Drive 401(k) Growth
2. The Scramble to Make the Saver’s Match Work
3. Modern Wealth Surpasses $4B in Less Than 2 Years
SEC Adopts Settlement Cycle Rule, Proposes New Custodial Rule
The rules, adopted and proposed, respectively, by 3-2 margins, were partially informed by recent scandals.
Watch: PLANADVISER Webinar on Advisory Business Models/M&A
Watch our Thursday discussion with industry leaders on advisory business models and M&A. Hear from:
  • Jennifer Doss, Senior Director, Defined Contribution Practice Leader at CAPTRUST
  • Deena Rini, Senior Vice President, Retirement Plan Services Practice Leader at Oswald Financial
  • Jim O’Shaughnessy, President of Retirement and Private Wealth at HUB Retirement and Wealth Management
  • Craig Reid, President, National Practice Leader – Retirement & Wealth at Marsh McLennan Agency
SECURE 2.0 Has Passed. Now What? 
Join PLANSPONSOR, PLANADVISER and industry experts for a webinar on February 22 as we discuss the impact many provisions in the SECURE 2.0 legislation will have on plan sponsors and participants; a timeline for the issuance of new rules and regulation effective dates; and what actions plan sponsors must take now to comply with the law.  
Market Mirror Market Mirror Graph

Thursday, the Dow decreased 431.20 points (1.26%) to close at 33,696.85, the Nasdaq lost 214.76 points (1.78%) to close at 11,855.83 and the S&P 500 decreased 57.19 points (1.38%) to close at 4,090.41. The Russell 2000 lost 18.76 points (0.96%) to close at 1,942.21 and the Wilshire 5000 decreased 551.26 points (1.33%) to close at 40,938.76.

The price of the 10-year Treasury note was unchanged, bringing the yield to 3.862%. The price of the 30-year Treasury bond was unchanged, bringing the yield to 3.920%.  

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