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Weekday news and analysis for retirement plan advisers
Friday, July 07, 2023
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Deals & People
Principal Joins Portability Services Network
PA-070623-Principal-Joins-PSN-1141401964-web
Consortium now has representation from the country’s five largest plan sponsors.
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Investment Product and Service Launches
BlackRock Debuts First Buffer ETFs; SMArtX Adds 15 Investment Strategies; Fidelity Refiles Spot Bitcoin ETF Application.
Today’s Most Read
1. IRS Raises 401(k) Contribution Limit to $24,500; IRA Limit to $7,500
2. Anticipating the Next Wave of ERISA Lawsuits
3. Shutdown’s End Sets Stage for Retirement Plan Contribution Limits
Cbiz Adds to Retirement Plan Capability With APA Acquisition
The financial and insurance advisory brings on Indianapolis-based American Pension Advisors, along with its 1,200 clients. 
Fake Silver Coin Scheme Penalized by CFTC
The companies involved were penalized over $100 million and its main organizer was arrested on June 10.
Best Practices for Scaling a Retirement Advisory Firm
Growing a practice isn’t easy, especially amid a tight labor market. What are some best practices in growing a retirement advisory team in the right way?
Market Mirror Market Mirror Graph

Thursday, the Dow fell 366.38 points (1.07%) to close at 33,922.26, the Nasdaq fell 112.61 points (0.82%) to close at 13,679.04 and the S&P 500 fell 35.23 points (0.79%) to close at 4,411.59. The Russell 2000 lost 30.67 points (1.64%) to close at 1,842.23, and the FT Wilshire 5000 Index lost 402.43 points (0.90%) to close at 44,424.00.

The 10-year Treasury note decreased 30/32, bringing the yield to 4.041%. The 30-year Treasury bond decreased 11/32, bringing the yield to 3.999%.

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