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Weekday news and analysis for retirement plan advisers
Wednesday, July 05, 2023
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Special Coverage: Team Building and Succession Planning
This month’s PLANADVISER special coverage looks at succession planning and team building in an age of M&A.
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Pontera Says Rollover Not Always Superior to 401(k)
New findings reveal 59% of advisers opted not to roll over a client's 401(k) into an IRA in 2022.
Today’s Most Read
1. Vestwell Adds TIAA Lifetime Income Offering
2. Salesforce Settles 401(k) Suits for $1.35M
3. Alera Group Acquires $24B Advanced Capital Group
Advisory M&A
Heffernan announces acquisition of Barbary; Procyon Partners adds two senior advisers; WP Financial acquires Sage Financial Design.
Some Silver Linings For Student Loan Borrowers
Despite the Supreme Court striking down the student loan debt relief program, there is some good news for debtors.
Gender Savings Gap Closing Among Younger Generations, Bank of America Reports
Account balances among millennial men exceed women by 23%, significantly less than the average gender gap of 50%.
Market Mirror Market Mirror Graph

Monday, the Dow rose 10.87 points (0.03%) to close at 34,418.47, the Nasdaq rose 28.85 points (0.21%) to close at 13,816.77 and the S&P 500 rose 5.21 points (0.12%) to close at 4,455.59. The Russell 2000 gained 8.05 points (0.43%) to close at 1,896.78, and the FT Wilshire 5000 Index gained 72.23 points (0.16%) to close at 44,955.84.

The 10-year Treasury note decreased 1/32, bringing the yield to 3.858%. The 30-year Treasury bond decreased 1/32, bringing the yield to 3.869%.

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