June 26th, 2020

DOL Files Brief in Case Over ERISA Preemption of CalSavers A brief filed in a federal appellate court explains how the agency believes a federal district court erred in dismissing the case Read more > Consider How CITs Can Fit Into Your Practice Collective investment trusts (CITs) can help clients address fee pressures, support an increased focus on fiduciary obligations, provide a means to build white-labeled investments and more. Read more > Regulation Best Interest Arrives On June 30, the Securities and Exchange Commission’s ‘Reg BI’ goes into effect to enhance the transparency and quality of adviser/investor relationships. Read more > Investment Product and Service Launches Calvert launches institute for responsible investing; BNY Mellon and Wilshire Associates create TDF platform; and intellicents to use Morningstar managed account service. Read more > MOST READ ARTICLES 1 2023 Retirement Plan Adviser of the Year Finalists 2 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Retirement Advisers Increasingly Want PEP Option in Toolbox 5 LinkedIn Will Pay Out $6.75 Million for 401(k) Participant Complaint

Protection During Downturns Managed accounts, age-appropriate TDFs can each be attractive. Read more > On the Move Transactions, promotions and new hires in the financial advisory industry. Read more > Market Mirror Thursday, the Dow gained 299.66 points (1.18%) to finish at 25,745.60, the NASDAQ closed 107.84 points (1.09%) higher at 10,017.00, and the S&P 500 increased 33.43 points (1.10%) to 3,083.76. The Russell 2000 was up 23.57 points (1.70%) at 1,413.31, and the Wilshire 5000 climbed 348.62 points (1.12%) to 31,454.25.   The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.686%. The price of the 30-year Treasury bond was up 1/32, decreasing its yield to 1.435%.

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