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Weekday news and analysis for retirement plan advisers
Friday, May 05, 2023
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Deals & People
John Hancock, Voya Name New Investment Division Leads
PA-041923-New CEO for Hightower Division-1479688446-web
Kristie Feinberg will take over as head of Manulife Investment Management in U.S., Europe, and John Hancock Investment Management; Barbara Reinhard named CIO of Voya’s investment arm.
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Deals & People
Practice Management
Client Service
Data & Research
Get to Know the Retirement Plan Adviser of the Year Finalists: Plan Sponsor Service
Hear directly from our finalists for the Retirement Plan Adviser of the Year in the category of plan sponsor service as they answer questions about their practice and approach. The finalists will be recognized, and winners of each of the six categories announced, at the PLANADVISER Industry Leader Awards Dinner on May 10 in New York City.
Today’s Most Read
1. Franklin Templeton to Acquire Putnam for $925 Million
2. Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
3. SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
Franklin Buys Managed Accounts Firm to Expand Adviser SMA Offerings
The investment manager’s purchase of volScout will add to its managed investment strategies for advisers working with institutional clients and high-net-worth investors.
House Bills Would Expand Accredited Investor Pool to Include Clients of Advisers
The House Committee on Financial Services advanced a bill that would allow RIA clients to invest in unregulated offerings such as private placement stock shares.
2023 HSA Conference On Demand
If you missed last month’s HSA Conference, don’t worry. All sessions are on demand until July 19. Register to learn more about health savings accounts, the business case for offering them or not, and how to position them on employees’ benefits menu.  
Market Mirror Market Mirror Graph

Thursday, the Dow lost 286.50 points (0.86%) to close at 33,127.74, the Nasdaq lost 58.93 points (0.49%) to close at 11,966.40 and the S&P 500 lost 29.53 points (0.72%) to close at 4,061.22. The Russell 2000 fell 20.48 points (1.18%) to close at 1,718.81 and the Wilshire 5000 fell 300.52 points (0.75%) to close at 40.006.22.

The price of the 10-year Treasury note decreased 25/32, bringing the yield to 3.385%. The price of the 30-year Treasury bond decreased 31/32, bringing the yield to 3.737%. 

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