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Weekday news and analysis for retirement plan advisers
Thursday, June 09, 2022
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Senate Vote on EBSA Nominee Gomez Fails
The Senate vote to confirm President Joe Biden’s nominee to lead the Employee Benefits Security Administration within the Department of Labor was narrowly rejected Wednesday, but another vote on the nomination is expected.
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Building Practice Culture: The Next Generation
As an adviser, Janine Moore says those in the next generation must have access to good mentors and peers whom they can trust.
Today’s Most Read
1. A ‘Slam Dunk’: 401(k) Auto-Portability Network Nears Live Date
2. Carlyle Makes Growth Investment in CAPTRUST
3. Funds’ Portfolios Must Reflect Their Name, SEC Says
RISE & SHINE Act Markup Scheduled
Insight on Retirement Industry Trends
A study of consulting and advisory firms reports on trends in retirement income, ESG and more.
An M&A Update for the Second Quarter
Nearly 190 retirement plan advisory firms have been acquired in the decade since 2012, and aggregators expect a substantial number of deals during the remainder of this year.
Capital One Financial Beats ERISA Suit
The dismissal order grants the plaintiffs, who are represented by the law firm Capozzi Adler, two weeks to file an amended complaint regarding certain portions of the proposed class action suit.
Market Mirror Market Mirror Graph

Wednesday, the Dow decreased 269.24 points (0.81%) to 32,910.90, the Nasdaq was down 88.96 points (0.73%) at 12,086.27, and the S&P 500 lost 44.91 points (1.08%) to finish at 4,115.77. The Russell 2000 fell 28.56 points (1.49%) to 1,891.01, and the Wilshire 5000 closed 439.50 points (1.06%) lower at 41,050.99.

The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 3.022%. The price of the 30-year Treasury bond was down 8/32, increasing its yield to 3.176%.

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