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Weekday news and analysis for retirement plan advisers
Friday, July 14, 2023
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Deals & People
Ascensus Brings on Asset Management Executive as President
PA-071323-Ascensus New President-1418972911-web
Former Pendal Group CEO Nick Good will report to CEO and Chair David Musto.
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CAPTRUST Expands Presence in South
Acquisition of Southern Wealth Management brings managing partner Dick Jones and 62 colleagues to CAPTRUST.
Today’s Most Read
1. Investors Concerned About the Big, Beautiful Bill's Section 899
2. Gen Z, Millennials Redefining the Future of Work
3. Senate GOP Releases Tax Plan, With Some Key Changes From House Version
IAA: SEC Marketing Rule Still Top Concern for Compliance Teams
Investment advisories rank the marketing rule as the ‘hottest’ topic for the third year in a row, followed by cybersecurity and electronic communications monitoring.
Investment Product and Service Launches
Schwab introduces tools for workers with student loan debt; CapIntel launches proposal builder for SEC Marketing Rule compliance; Penny Finance adds automated money insight.
Senate, House Spending Bills at Odds on SEC Adviser Proposals
The House’s budget bill would block the safeguarding and climate risk proposals, whereas the Senate budget would not.
Market Mirror Market Mirror Graph

Thursday, the Dow gained 47.71 points (0.14%) to close at 34,395.14, the Nasdaq gained 219.61 points (1.58%) to close at 14,138.57 and the S&P 500 gained 37.88 points (0.85%) to close at 4,510.04. The Russell 2000 rose 17.51 points (0.91%) to close at 1,950.89, and the FT Wilshire 5000 Index rose 400.64 points (0.89%) to close at 45,634.24.

The price of the 10-year Treasury note increased 8/32, bringing the yield to 3.768%. The price of the 30-year Treasury bond increased 30/32, bringing the yield to 3.903%.

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