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Weekday news and analysis for retirement plan advisers
Tuesday, July 11, 2023
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Annuity Consultants Tout SPIAs as Best Income Option
PA-071023-Annuity-Consultants-Tout-SPIAs-1286704808-web
Michelle Richter-Gordon and Mark Chamberlain are seeking adviser feedback on a digital guide touting the virtues of single premium immediate annuities.
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Wealth Management M&A Dips Slightly in Q2
The second quarter decline mimics similar drops in 2020 and 2022, even as the industry went on to strong dealmaking for the full calendar year.
Today’s Most Read
1. LPL’s Arnold Has Settlement Chance as Steinmeier Called Worthy Successor
2. Apollo, Athene Targeting DC In-Plan Annuity Market
3. Who Is Most at Risk for Retirement Savings Shortfall?
Advisory M&A
Hub International acquires Golden Corner Wealth Advisors; Marsh McLennan Agency adds Integrity HR Inc.; Day & Ennis joins Mercer Advisors; and more.
Judge Rejects Proposed Class Certification in Remanded TIAA Retirement Plan Case
Given the appellate court’s ruling, the district court found no ‘single policy’ affecting all putative class participants from Washington University in St. Louis.
The Business Benefit to Succession Planning
Planning for the future of a retirement plan or wealth advisory isn’t just about the years ahead—it can be help drive success in the present.
Market Mirror Market Mirror Graph

Monday, the Dow rose 209.52 points (0.62%) to close at 33,944.40, the Nasdaq rose 24.77 points (0.18%) to close at 13,685.48 and the S&P 500 rose 10.58 points (0.24%) to close at 4,409.53. The Russell 2000 rose 30.59 points (1.64%) to close at 1,895.25 and the FT Wilshire 5000 Total Market Index rose 180.35 points (0.41%) to close at 44,555.06.

The price of the 10-year Treasury note rose 5/32, bringing the yield to 4.009%. The price of the 30-year Treasury bond rose 1/32, bringing the yield to 4.037%. 

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