PLANADVISERdash – July 24, 2020

Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR

July 24th, 2020

Despite COVID-19, Asset and Wealth Management Deals Surge

Two deals, by Morgan Stanley and Franklin Templeton, stand out, according to PwC. Read more >

Matrix Trust Co. Accused of Being Deceptive About Fees

The lawsuit says the defendants’ did not disclose that they were retaining non-float and float cash interest and 12(b)-1 fees retirement plan accounts were earning. Read more >

Tax-Saving Opportunity

Investors might consider a Roth conversion now. Read more >

Protection During Downturns

Managed accounts, age-appropriate TDFs can each be attractive. Read more >

EBSA’s E-Disclosure Rule Is Final

The standard, letting employers opt for electronic vs. print reporting, is a highlight of the agency’s departed assistant secretary’s tenure. Read more >

All That Goes Into a Practice

Past Retirement Plan Advisers of the Year discuss building a successful firm. Read more >

MOST READ ARTICLES

2023 Retirement Plan Adviser of the Year Finalists

Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business

With SECURE 2.0, the Cash Balance DB Plan May Be Back

Retirement Advisers Increasingly Want PEP Option in Toolbox

Complying With the Custody Rule and the New Custody Proposal

Apples vs. Oranges

For retirement plan participants, financial crises are not all the same. Read more >

Regulation Best Interest Arrives

On June 30, the Securities and Exchange Commission’s ‘Reg BI’ goes into effect to enhance the transparency and quality of adviser/investor relationships. Read more >

Market Mirror

Thursday, the Dow lost 353.51 points (1.31%) to finish at 26,652.33, the NASDAQ closed 244.71 points (2.29%) lower at 10,461.42, and the S&P 500 decreased 40.36 points (1.23%) to 3,235.66. The Russell 2000 was virtually unchanged at 1,490.20, and the Wilshire 5000 fell 395.56 points (1.18%) to 33,049.34. The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.580%. The price of the 30-year Treasury bond climbed 1 27/32, bringing its yield down to 1.234%.

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