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Weekday news and analysis for retirement plan advisers
Friday, January 20, 2023
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Investing
Passive Mutual Funds Rising, but Won't Overtake Actives Due to DC Plan “Stronghold”
PA-011923-Passive-to-Overtake-Active-1453992798-web
Passive mutual funds' popularity is growing among investors, but defined contribution retirement plans will help actively managed funds maintain their dominance over the next five years, according to ISS Market Intelligence.
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Deadline for Plan Sponsor of the Year Nominations Extended
Are you or do you know of a plan sponsor that goes above and beyond to make retirement security a reality for employees? Get yourself, or them, recognized in PLANSPONSOR’s Plan Sponsor of the Year awards program. Judging for the awards is largely based on applications the plan sponsors will be sent to fill out, so get your nominations in soon. The deadline has been extended through January 23.
Today’s Most Read
1. Many Providers Are Prioritizing Participant Financial Advice in 2023
2. OneDigital Acquires $500M Florida Retirement and Wealth Management Shop
3. A Reminder to Avoid Fraudulent Hardship Withdrawals
Investment Service and Product Launches
FiComm and ProudMouth team up on adviser podcasting; 21Shares launches crypto index; Caplight launches platform to monitor private company valuations; and more.
DCIIA Appoints New Head of Retirement Research Center
Pam Hess will take over as executive director of a research center that includes advisory councils staffed with some of the industry’s largest retirement plan advisories.
Last Day for Plan Adviser of the Year Nominations
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 today, January 20. Get your nominations in now!
Market Mirror Market Mirror Graph

Thursday, the Dow lost 252.40 points (0.76%) to close at 33,044.56, the Nasdaq lost 104.74 points (0.96%) to close at 10,852.27 and the S&P 500 decreased 30.01 points (0.76%) to close at 3,898.85. The Russell 2000 lost 18.02 points (0.97%) to close at 1,836.35 and the Wilshire 5000 lost 326.68 points (0.83%) to close at 38,840.68.

The price of the 10-year Treasury note decreased 2/32, bringing the yield to 3.400%. The price of the 30-year Treasury bond decreased 27/32, bringing the yield to 3.567%. 

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