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Weekday news and analysis for retirement plan advisers
Friday, June 23, 2023
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Empower CEO Expects Continued Recordkeeper Consolidation
PA-062123-Empower-Boosts-Rollovers-1069206152-web
Edmund Murphy discussed Empower’s push into wealth management and building brand name recognition during investor day.
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OneDigital Acquires $3.8B Retirement, Wealth Shop StoneStreet Equity
The deal is the fourth retirement and wealth acquisition of the year for OneDigital and expands its Northeast presence.
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
Carson Group Expands Retirement Planning With Equity Stake in Northwest
The adviser network aims to better compete for retirement plan business.  
Investment Product and Service Launches
Betterment launches tax-smart transitions features; Broadridge secures patent; and more.
2023 Plan Sponsor of the Year Winners
PLANSPONSOR, the sister publication of PLANADVISER, announced its 2023 Plan Sponsor of the Year Winners in Orlando this week.
Market Mirror Market Mirror Graph

Thursday, the Dow fell 4.81 points (0.01%) to close at 33,946.71, the Nasdaq rose 128.41 points (0.95%) to close at 13,630.61 and the S&P 500 rose 16.20 points (0.37%) to close at 4,381.89. The Russell 2000 lost 14.84 points (0.80%) to close at 1,848.18, and the FT Wilshire Index gained 109.51 points (0.25%) to close at 44,130.70.

The price of the 30-year Treasury note decreased 28/32, bringing the yield to 3.797%. The price of the 30-year Treasury bond decreased 1 1/32, bringing the yield to 3.874%.

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