| Market Optimists Confront Gloomy Growth Forecasts |
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The 2020 equity market outlook continues to hinge on whether a major secondary spike in COVID-19 infections can be prevented; news headlines on this front confirm this remains a very real risk.
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| RIA Mergers and Acquisitions Hit Hard by COVID-19 |
| Year to date, there have been 30 RIA deals representing $32.8 billion. By comparison, the same period last year had 55 RIA deals representing $59.7 billion, which is a 45% decrease in both transactions and assets.
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| Settlement Agreement Reached in Neuberger Berman 401(k) Plan Lawsuit |
| The Neuberger Berman Group 401(k) plan investment committee will pay $17million to settle a lawsuit alleging it violated the Employee Retirement Income Security Act by maintaining the Neuberger Berman Value Equity Fund as an investment option in its plan.
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