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Weekday news and analysis for retirement plan advisers
Thursday, January 19, 2023
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DOL Contractor Rule Threatened by 20% Adviser Quit Rate
PA - 1_18_23 - Independent Contractor Rule
An FSI survey shows independent advisers would retire before being classified as employee as the DOL mulls tens of thousands of comments on a proposed rule change.
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Adviser Product Partnerships
Broadridge re-ups with IGM for broker wealth platform; Reverence Capital selects CAIS Channel for alt offerings; $25B RIA Sanctuary extends partnership with Wealthbox for client management; and more.
Today’s Most Read
1. 2025 PLANADVISER Retirement Plan Adviser of the Year
2. Employees Take Action After Financial Wellness Engagement
3. JPMorgan Sued Over Health Plan’s Generic Drug Costs
Sports Agency Owner Charged for Allegedly Stealing Retirement Assets
The Houston-based sports agent was served a civil suit by the Department of Labor for allegedly dipping into employee retirement savings for company operations.
Miscalculated Longevity Risk
Americans’ projections about their own life expectancy often miss the mark, which can create problems as to at what rate they’ll be able to spend when planning their retirement and lifestyle goals.
Plan Adviser of the Year Nominations Closing Soon
Do you know an adviser or adviser team you admire for their diversity efforts or their community impact? Do you work with an adviser or adviser team that offers great client service or is working on a solution to solve for the retirement plan coverage gap? The deadline for our Retirement Plan Adviser of the Year Awards is this Friday, January 20. Get your nominations in now!
Market Mirror Market Mirror Graph

Wednesday, the Dow decreased 613.89 points (1.81%) to close at 33,296.96, the Nasdaq fell 138.10 points (1.24%) to close at 10,957.01 and the S&P 500 decreased 62.11 points 1.56% to close at 3,928.86. The Russell 2000 fell 29.92 points (1.59%) to close at 1,854.36 and the Wilshire 5000 fell 606.79 points (1.53%) to close at 39,167.36.

The price of the 10-year Treasury note increased 1 27/32, bringing the yield to 3.373%. The price of the 30-year Treasury bond increased 2 3/32, bringing the yield to 3.541%. 

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