March 22nd, 2021

Walsh Could Be Confirmed Monday, Gensler Vote Less Clear Sources say there is a good chance Boston Mayor Marty Walsh will be confirmed by the full U.S. Senate Monday afternoon, but they are less sure about the timing of SEC Chair nominee Gary Gensler’s confirmation vote. Read more > The Hardford Contemplating Acquisition Offer From Chubb Chubb is a provider of personal property and casualty insurance, while The Hartford also provides group employee benefits and mutual funds. Read more > Despite Reservations, Sponsors’ Interest in Annuities is Growing Advisers should be educated about annuities and how to analyze them to help plan sponsors decide the best products to use. Read more > Retirement Industry People Moves BNY Mellon recruits former State Street managing director; Voya Financial adds to leadership team; Schroders announces changes within leadership team; and more. Read more > MOST READ ARTICLES

A Question of Liability When the rash of litigation yields scant legal precedent, what can advisers take away? Read more > The Tax Distinction Education on saving should include a tax talk, but what can advisers safely say? Read more > Market Mirror Friday, the Dow fell 234.33 points (0.71%) to 32,627.97, the Nasdaq gained 99.07 points (0.76%) to finish at 13,215.24, and the S&P 500 was down 2.36 points (0.06%) at 3,913.10. The Russell 2000 decreased 48.85 points (2.09%) to 2,287.55, and the Wilshire 5000 closed 69.74 points (0.17%) higher at 41,443.08.   The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.727%. The price of the 30-year Treasury bond was increased 24/32, bringing its yield down to 2.442%.   For the week ending March 19, the Dow was down 0.46%, the Nasdaq finished 0.79% lower, and the S&P 500 decreased 0.77%. The Russell 2000 fell 2.77%, and the Wilshire 5000 lost 1.09%.

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