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Weekday news and analysis for retirement plan advisers
Tuesday, May 16, 2023
Exclusives | Awards | Research | Events
DOL to Extend UBS, Credit Suisse 401(k) Asset Management Exemption
PA-051523-UBS QPAM exemption-1124583994-web
The DOL proposes extending for one year beyond their merger the exemptions being used by UBS and Credit Suisse to manage retirement plan assets.
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Deals & People
Practice Management
Client Service
Data & Research
Advisory M&A
CAPTRUST Financial Advisors acquires Aevitas Wealth Management; Heffernan Financial Services expands with Ascendant Financial Solutions; Commonwealth Financial Network adds Pinnacle Private Wealth; and more.
Today’s Most Read
1. Human Interest Offers 3% Cash Back for New Retirement Savers
2. Franklin Templeton to Acquire Putnam for $925 Million
3. Retirement Industry People Moves
In-Person Client Meetings Return as Pandemic Dims, Volatility Remains
A recent survey shows that advisers are doing more in-person meetings amid overall increased client touchpoints.
Why More Advisers Are Assuming 3(38) Role, Responsibility
The fiduciary model that puts plan investment decisions in advisers’ hands offers expertise and streamlining, industry experts say.
Practice Progress Webinar: DCIO
Join PLANADVISER and industry experts on Thursday, May 25, for a discussion about the future of DCIO firms and strategies, the important role partnerships can play and how some firms are assigning more specialists to a relationship, serving clients at all levels.
Market Mirror Market Mirror Graph

Monday, the Dow gained 47.98 points (0.14%) to close at 33,348.60, the Nasdaq gained 80.47 points (0.66%) to close at 12,365.21 and the S&P 500 gained 12.20 points (0.30%) to close at 4,136.28. The Russell 2000 gained 20.70 points (1.19%) to close at 1,761.55 and the Wilshire 5000 gained 180.65 points (0.44%) to close at 40,818.18. 

The price of the 10-year Treasury note fell 25/32, bringing the yield to 3.508%. The price of the 30-year Treasury bond fell 31/32, bringing the yield to 3.848%.

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