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Weekday news and analysis for retirement plan advisers
Tuesday, November 07, 2023
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Small Businesses See Many Obstacles to Plan Creation, Lack Awareness of SECURE 2.0
PAPS-110623-Small-Business-Research-1306411164-web
A survey from Capital Group found that businesses with fewer than 50 employees often lacked awareness of key provisions in SECURE 2.0.
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Morningstar, Envestnet Partner on Personalized IRAs Targeting All Balance Sizes
The managed accounts service will be powered by fintech IRALogix and is aimed at IRA holders without an adviser.
Today’s Most Read
1. LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
2. LPL’s Arnold Has Settlement Chance as Steinmeier Called Worthy Successor
3. Charles Schwab CEO Walt Bettinger to Retire
Advisory M&A News - 11/6/23
Hub acquires Renaissance Benefit Advisors Group and Franklin Financial Group; CAPTRUST adds Normann Financial; and Mercer Advisors snags Singh Advisory.
Adviser Talks: Phil Sherman On Behavioral Finance (Video)
Sherman, of Deschutes Investment Consulting, discusses the importance of communication style and language in reaching participants.
Long-Term Participants Create Challenges, Opportunities
Participants are staying longer in 401(k) workplace plans. What does that mean for the future of plan advisement?
Market Mirror Market Mirror Graph

Monday, the Dow rose 34.54 points (0.10%) to close at 34,095.86, the Nasdaq rose 40.50 points (0.30%) to close at 13,518.78 and the S&P 500 rose 7.64 points (0.18%) to close at 4,365.98. The Russell 2000 fell 22.77 points (1.29%) to close at 1,737.94, and the FT Wilshire 5000 Index rose 0.63 points (0.00%) to close at 43,792.74.

The 10-year Treasury note decreased 32/32, bringing the yield to 4.649%. The 30-year Treasury bond decreased 1 7/32, bringing the yield to 4.812%. 

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