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Wednesday, May 24, 2023
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As States Add Retirement Programs, Private Providers See Growth
PA-052223-State-Plans-Competition-or-Opportunity-529427604-web
This month, Minnesota and Missouri brought the count of state-facilitated retirement plans to 18. Small business providers say state engagement helps boost business despite state-provided auto-IRAs.
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ChatGPT Sentiment Analysis Significantly Outperforms Stock Market Average
University of Florida researchers found that using ChatGPT to analyze stocks outperformed the market average.
Today’s Most Read
1. Infosys Breach From 2023 Exposed Personal Data of 6 Million People
2. Voya to Acquire OneAmerica’s Retirement Plan Business
3. How Recordkeepers Can Stay Competitive
Retirement Clearinghouse Issues Alert of IRA Data Breach
Firm alerts more than 10,000 people to watch out for identify theft after Social Security and IRA numbers may have been exposed.
CFP Board Outlines Best Practices to Retain Diverse Talent
A report on ‘creating DEI-driven culture’ encourages firms to articulate a vision, ensure equitable hiring and offer leadership development.
Just the Facts
As to possible resources employers could add to help their workers “pivot” into retirement, a guaranteed income product ranked first (67%) with employee respondents in the State Street Global Advisors 2022 Global Retirement Reality Report.
Market Mirror Market Mirror Graph

Tuesday, the Dow fell 231.07 points (0.69%) to close at 33,055.51, the Nasdaq fell 160.53 points (1.26%) to close at 12,560.25 and the S&P 500 fell 47.05 points (1.12%) to close at 4,145.58. The Russell 2000 lost 7.67 points (0.43%) to close at 1,787.71, and the Wilshire 5000 lost 447.66 points (1.08%) to close at 40,949.85.

The price of the 10-year Treasury note increased 1/32, bringing the yield to 3.702%. The price of the 30-year Treasury bond increased 3/32, bringing the yield to 3.951%. 

Industry Intel Roundup Featured Webinars
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.
September 24, 2024
DCIO and Investment Menu Survey
They say the devil is in the details. That’s particularly true when it comes to the investment menu and its results to participants for years—sometimes decades—of their lives. This PLANADVISER webinar will consider 2024 trends in DCIO offerings and best practices for the modern-day plan adviser.
December 18, 2024
Year in Review
Join PLANADVISER to hear from some of the top advisers of 2024 about the year that was. What did these advisers do that worked well? What projects fell on their face? What learnings will they take into the year ahead? Join us with your questions—and anecdotes—from a year in plan advising.
March 21, 2024
SECURE 2.0 Now
SECURE 2.0 is a little more than 1 year old, but many of its mandates and provisions just started this year. This PLANADVISER webinar will cover how SECURE 2.0 provisions are progressing in 2024 and any hiccups or concerns being seen by plan advisers and their clients.
February 8, 2024
Retirement and Wealth Convergence
T. Rowe Price found that, in just a few years, all large retirement plan advisers have added wealth management divisions. But what are the strategic goals of the retirement and wealth convergence? Are there measurable results? Should the industry be concerned about conflicts of interest? Hear from industry experts in this PLANADVISER webinar.
November 16, 2023
2023 PA Practice Progress Webinar Series: Participants
What do participants want from retirement plan advisers? How can advisers best meet their needs? As retirement plan advisers work more closely with participants and perhaps add wealth management to their practices, what do they need to keep in mind to fulfill their fiduciary duties? These questions and more will be answered in the final webinar in PLANADVISER’s Practice Progress series for 2023.
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