PLANADVISERdash – February 24, 2021

Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR

February 24th, 2021

Reverence and GTCR, PE Firm That Backed CAPTRUST, To Buy Wells Fargo AM

The sizable transaction exhibits the continued interest of private equity firms in the advisory and asset management space, while marking 2021 as a year of rapid M&A action that will almost certainly set a new record. Read more >

The New ‘60/40’ Portfolio?

With lower expected returns and increased volatility, participants have two options for achieving their retirement goals: saving more or taking on more risk in equities to try to get higher returns. Read more >

2021 Practice Progress Series: Artificial Intelligence and Financial Advice

This hour long editorial-driven webinar will explore some of the key concepts, possibilities and predictions commonly discussed by technology experts in the advisory industry. Among the speakers will be Mike Sullivan, co-founder and chief growth officer at OneDigital. Join us March 9th! Read more >

The Inside Take: CAPTRUST’s Cammack Acquisition

With the acquisition of Cammack’s $154 billion book of business, CAPTRUST now reports assets in excess of $600 billion; one leader at the firm says the growth is nowhere near finished. Read more >

M&A Gets Off to a Flying Start

Major deals have already been announced, with the likes of SageView Advisory Group and Compass Financial Partners already having been acquired, and sources say there are more to come. Read more >

MOST READ ARTICLES

Advisers Giving Back: The Barry Family

John Barry says giving back has always been important to his firm and his family, though the means of doing so have shifted over the years, from coaching youth sports to mentoring the first-ever rising class of female Eagle Scouts. Read more >

Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients

Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others. Read more >

Market Mirror

Tuesday, the Dow was up 15.66 points (0.05%) at 31,537.35, the Nasdaq decreased 67.85 points (0.50%) to 13,465.20, and the S&P 500 increased 4.87 points (0.13%) to 3,881.37. The Russell 2000 closed 19.76 points (0.88%) lower at 2,231.31, and the Wilshire 5000 decreased 32.43 points (0.08%) to 41,284.12. The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.359%. The price of the 30-year Treasury bond was down 3/32, increasing its yield to 2.194%.

Industry Intel Roundup—Thought Leadership

PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.