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Thursday, June 16, 2022
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2022 PLANADVISER Practice Progress Webinar Series
Upcoming Webinar: Financial Wellness in a Difficult Moment
Expert advisers know such an environment demands a different point of view about the relationship between retirement planning and financial wellness. Achieving a sense of short-term financial wellness is hard enough during times of market growth and economic stability, but the challenge only deepens when inflation and interest rates jump.
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Labor Secretary Walsh Talks Crypto, DOL Budget
Labor Secretary Marty Walsh testified to Congress that DOL is open to a rule that would regulate cryptocurrency in retirement accounts—and potentially more broadly than that.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. 1 Year in, Portability Services Network Covers 15,000 Retirement Plans
3. 401(k)s and the Courts in 2025
Schwab’s Robo SEC Settlement Highlights Disclosure Pitfalls
In addition to a monetary settlement, three Charles Schwab investment adviser subsidiaries have agreed to retain an independent consultant to review their policies and procedures relating to their robo-adviser’s disclosures, advertising and marketing practices.
FutureFuel.io Announces New Acquisition, Rebrand
With its acquisition of College Finance Company, the company, now known as Candidly, says its platform can be delivered as an employee benefit or embedded into a partner’s native experience.
What’s Been Learned From ERISA Case Proceedings
While the prevalence of settlements in ERISA cases means fewer legal conclusions have been drawn by the courts than one might expect, certain important lessons about fiduciary duties are emerging.
Facing Criticism for ESG Rules, SEC Unlikely to Back Down
Attorneys who track financial regulations say SEC Chair Gary Gensler has no qualms about pushing forward big, ambitious proposals, even if they are destined to be challenged in the courts.
Market Mirror Market Mirror Graph

Wednesday, the Dow gained 303.70 points (1.00%) to 30,668.53, the Nasdaq was up 270.81 points (2.50%) to close at 11,099.16, and the S&P 500 increased 54.51 points (1.46%) to 3,789.94. The Russell 2000 gained 23.31 points (1.36%) to 1,731.14, and the Wilshire 5000 increased 574.58 points (1.55%) to 37,619.23.

The price of the 10-year Treasury note increased 1 25/32 bringing its yield down to 3.316%. The price of the 30-year Treasury bond gained 1 30/32 bringing its yield down to 3.329%.

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