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Weekday news and analysis for retirement plan advisers
Tuesday, July 25, 2023
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Deals & People
DeVoe Predicts First Down Year for RIA M&A in Almost a Decade
PA-072423-DeVoe-Sees-MandA-Slowdown-1285904258-web
High interest rates, inflation and uncertainty are depressing RIA dealmaking.
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Schwab: Financial Advisers Using Behavioral Finance Gain More in New Assets
Advisers also turned to personalized options such as direct indexing to stand out for clients. 
Today’s Most Read
1. Who Is Most at Risk for Retirement Savings Shortfall?
2. 401(k) Traders Shifting to Fixed Income
3. Supreme Court to Review ERISA Prohibited Transactions
Creative Planning Adds Goldman Custody Platform
Advisers at the $210 billion RIA can place client assets on the Wall Street money manager’s investment platform.
Advisory M&A
Sequoia Financial adds $387M wealth manager; Pathstone adds Veritable to further focus on ultra-high-net-worth clients; and Savant Wealth buys combined accounting firm and wealth manager.
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 help drive success in the present. 
Market Mirror Market Mirror Graph

Monday, the Dow rose 183.55 points (0.52%) to close at 35,411.24, the Nasdaq rose 26.06 points (0.19%) to close at 14,058.87 and the S&P 500 rose 18.30 points (0.40%) to close at 4,554.64. The Russell 2000 rose 5.42 points (0.28%) to close at 1,965.68, and the FT Wilshire 5000 Index rose 158.75 points (0.35%) to close at 46,032.19.

The price of the 10-year Treasury note fell 24/32, bringing the yield to 3.874%. The price of the 30-year Treasury bond fell 27/32, bringing the yield to 3.932%. 

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