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Weekday news and analysis for retirement plan advisers
Wednesday, November 16, 2022
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Data & Research
Retirement Account Balances Down 21% or More in Q3, Fidelity Data Shows
PA-111622-Fidelity 401ks Balances Drop But Savings Hold-1383430201-web
Data from more than 35 million participants in Fidelity accounts shows a steep hit to balances during the market downturn, but the majority of workers (86%) kept their savings contributions unchanged.
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Subpar Technology Could Steer Clients Away from Advisers
Many advisers complain about lack of automation and functionality and prefer a platform that gives them more time to focus on clients.
Today’s Most Read
1. Nuveen CEO Minaya Steps Down, President Huffman Takes Role
2. Why Aren’t Participants Using Financial Wellness Programs?
3. Strategic Retirement Partners Launching PEP With Alerus
HUB Expands Wealth Management Footprint with Purchase, On Pace for 70 Acquisitions
Hub’s recent acquisition of Tulsa-based Bridgecreek puts it over 60 acquisitions this year as it continues to build its footprint across asset management, retirement, insurance and employee benefits.
Proposed Settlement Would Cost Juniper Networks $3 million
 Juniper agreed to a proposed settlement dismissing allegations they mismanaged their sponsored retirement plan; judicial approval still required.
Jorge Bernal
Meet SageView Advisory Group’s new COO.
Market Mirror Market Mirror Graph

Wednesday, the Dow lost 39.09 points (0.12%) to close at 33,553.83, the Nasdaq decreased 174.75 points (1.54%) to close at 11,183.66 and the S&P 500 lost 32.94 points (0.83%) to close at 3,958.79. The Russell 2000 decreased 36.04 points (1.91%) to end trading at 1,853.17 and the Wilshire 5000 decreased 410.74 points (1.03%) to close at 39,433.57. The price of the 10-year Treasury note increased 29/32, bringing the yield down to 3.692%. The price of the 30-year Treasury bond increased 21/32, bringing the yield down to 3.843%. 

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