January 27th, 2021

Neal Proposes New Bill to Help Multiemployer Pensions The bill would also extend funding relief for single-employer defined benefit plans. Read more > Even As Industry Consolidates, Breakaways Remain Common Data from Echelon Partners shows the number of adviser or adviser team ‘breakaways’ declined by nearly 20% in 2020 versus 2019. However, 2019 set the record for breakaway activity. Read more > Court Finds Insufficient Evidence for ERISA Claims Against Intel The Intel Corp. Investment Policy Committee has prevailed in a second lawsuit alleging its members breached their fiduciary duties by investing a significant portion of the plans’ assets in risky and high-cost hedge fund and private equity investments. Read more > 529 plans, Student Loans and Financial Wellness This hour-long, editorial webinar will focus on employee financial wellness, and specifically on planning for education expenses through 529 college savings plans. Budgeting and debt management will also be considered, as will the “hierarchy of savings.” Read more > MOST READ ARTICLES 1 Stimulus Bill Extends Some Provisions of the CARES Act 2 The Inside Take: CAPTRUST’s Cammack Acquisition 3 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 4 Practice Management: Areas of Success 5 Reverence and GTCR, PE Firm That Backed CAPTRUST, To Buy Wells Fargo AM

How to Get Participants More Engaged in Financial Wellness Programs More employers today are investing their time and money in financial wellness programs. Now, many of them are trying to figure out ways to calculate the return on investment (ROI) of such programs. Read more > Are You a QPAM? The nuances of a qualified professional asset manager’s role. Read more > Market Mirror Tuesday, the Dow decreased 22.96 points (0.07%) to 30,937.04, the NASDAQ was down 9.93 points (0.07%) at 13,626.07, and the S&P 500 closed 5.74 points (0.15%) lower at 3,849.62. The Russell 2000 decreased 18.90 points (0.87%) to 2,149.86, and the Wilshire 5000 lost 111.02 points (0.27%) to finish at 40,802.02. The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.040%. The price of the 30-year Treasury bond was unchanged, with its yield down to 1.796%.

Industry Intel Roundup—Featured Webcasts PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. 2021 Practice Progress Series: Artificial Intelligence and Financial Advice It is hard to overstate the enthusiasm with which many experts speak about the prospects presented by machine learning and artificial intelligence (AI), both to impact peoples’ daily lives and to remake many parts of the global economy. That said, many of the concepts involved in discussing AI are highly technical and more than a bit esoteric, leaving some to wonder just what all the fuss is about. This hourlong editorial-driven webinar will explore some of the key concepts, possibilities and predictions commonly discussed by AI experts. Panelists will discuss the general economic impacts that could be coming in the next several years and decades, while also offering a closer look at how the work of plan advisers and wealth managers could be directly impacted. Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise ©2021 Asset International, Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850