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Thursday, June 10, 2021
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Advisers Who Successfully Serve the LGBTQ Community
Growing a retirement plan advisory practice and succession planning are two top-of-mind considerations for advisers. One way to tackle both of those goals and advance a practice while setting the next generation up for success, advocates say, is to embrace members of the LGBTQ community.
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Compliance
Judge Moves Forward Some Claims in Excessive Fee Suit, Rejects Others
A judge found there was no evidence that fiduciaries of B. Braun Medical's retirement plan violated ERISA's duty of loyalty, but he denied dismissal of claims for breach of duty of prudence.
Today’s Most Read
1. Ascensus to Acquire Vanguard’s Individual 401(k) Business
2. Victory to Acquire Amundi’s $104B U.S. Division
3. Rebutting 7 Retirement Income Concerns
Midsize Plan Claims Self-Dealing by Russell Investments
The same attorney that is representing employees of Caesars Entertainment in a self-dealing lawsuit filed in May against Russell Investments has signed onto a similar case put forward by participants in Royal Caribbean Cruises’ retirement plan.
Sponsored by Invesco
Watch Your Language: Rethinking How We Communicate With Participants
Learn more from our three key insights on how to communicate with participants.
Estee Lauder Excessive Fee Suit Moves to Pretrial Conference
A district court judge has denied the defense’s motion to dismiss without offering any explanations for his reasoning in court documents.
Alegeus Announces Launch of New HSA Solution
Its features include fractional trading up to eight decimal points, auto-rebalancing and real-time account opening and trading. 
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 152.68 points (0.44%) to 34,447.14, the Nasdaq decreased 13.16 points (0.09%) to 13,911.75, and the S&P 500 was down 7.71 points (0.18%) at 4,219.55. The Russell 2000 closed 16.63 points (0.71%) lower at 2,327.13, and the Wilshire 5000 lost 126.39 points (0.28%) to finish at 44,283.78.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.490%. The price of the 30-year Treasury bond climbed 1 1/32, decreasing its yield to 2.171%.

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