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Weekday news and analysis for retirement plan advisers
Friday, July 28, 2023
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Deals & People
MarshBerry: Retirement M&A Up in First Half, Bucking Overall Trend
PA-072723-MarshBerry-MandA-Report-1256787625-web
Of the 18 retirement deals through the first half of 2023, 2 came from wealth advisories ‘dipping their toes’ in retirement waters, the consultancy notes.
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Managed Account Sponsors Shifting Advisers off Portfolio Management, According to Cerulli
Recent surveying shows more managed account sponsors are moving advisers to focus on clients, relying on home office or outsourced portfolio management.
Today’s Most Read
1. LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
2. Charles Schwab CEO Walt Bettinger to Retire
3. DC Plan Experts See Slow, Steady Progress in Plan Personalization
Investment Product and Service Launches
Franklin Templeton launches U.S. fixed-income ETF; PGIM announces collateralized loan obligation and active ETFs; Athene adds three fixed-income annuities.
The Need for NQDC Support
Fewer than half of recordkeepers offer ‘top hat’ services for HCEs.
Hone Your Behavioral Finance Knowledge at the 2023 PLANADVISER Conference
Charles Schwab found advisers implementing behavioral finance saw 3.3 times more new assets from existing clients than advisers who didn’t. Join this year’s 2023 PLANADVISER National Conference to hear about behavioral finance from Sonya Britt-Lutter, Director of Financial Health and Wellness at Texas Tech University’s School of Financial Planning. Learn how to optimize your services to advance financial well-being by identifying and responding to attitudes, mindsets and behaviors, and situations that impact decision-making.
Market Mirror Market Mirror Graph

Thursday, the Dow lost 237.40 points (0.67%) to close at 35,282.72, the Nasdaq lost 77.18 points (0.55%) to close at 14,050.11 and the S&P 500 lost 29.28 points (0.64%) to close at 4,537.47. The Russell 2000 fell 25.46 points (1.29%) to close at 1,954.90 and the FT Wilshire 5000 Index fell 343.11 points (0.74%) to close at 45,835.50.

The price of the 10-year Treasury note decreased 1 23/32, bringing the yield to 4.003%. The price of the 30-year Treasury bond decreased 1 29/32, bringing the yield to 4.045%.

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