October 22nd, 2018

DOL, SEC Both Have Fiduciary Conduct Standards Slated for Next Year The DOL said it is considering regulatory options in light of a 5th Circuit opinion vacating its previous fiduciary rule, and has on its timeline that a final rule will be issued in September of 2019. Read more > Another District Court Decision for Dignity Health Church Plan Lawsuit The interim decision is a mixed bag that falls more in favor of the plaintiffs, but it by no means concludes the litigation—not least because plaintiffs have already filed a second amended complaint. Read more > Millennial Educators Want Adviser Help With Retirement Savings Debt is getting in the way of saving for retirement, and many want help with investing, preferring to work with an adviser in person, a survey found. Read more > Retirement Industry People Moves Bernstein Adds Industry Executive to Philadelphia Region; T. Rowe Appoints CIO to Head of Investment Strategy; The Hilb Group Acquires Actuarial Consulting Firm; and more. Read more > MOST READ ARTICLES

Sponsored message from Natixis Actively Changing the Climate of Target Date Funds Sophisticated Methodology. Sustainable Ideology. Innovative Glidepath Design. Natixis Sustainable Future Funds℠: The industry’s first ESG-driven target date mutual funds. Read more. Read more > Investment Product and Service Launches PGIM Rolls Out First of Set of ETF Expansion; Invesco Acquires MassMutual Asset Management Affiliate; and Horace Mann and SWBC to Offer Investment Solutions for Educators. Read more > Multifaceted Considerations The complexities in building adviser teams Read more > Market Mirror Friday, the Dow increased 64.89 points (0.26%) to 25,444.34, the NASDAQ closed 36.11 points (0.48%) lower at 7,449.03, and the S&P 500 was down 1.00 point (0.04%) at 2,767.78. The Russell 2000 lost 18.71 points (1.20%) to finish at 1,542.04, and the Wilshire 5000 decreased 58.64 points (0.20%) to 28,563.50.   The price of the 10-year Treasury note was down 3/32, increasing its yield to 3.194%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 3.380%.   WEEK’S WORTH: For the week ending October 19, the Dow increased 0.41%, the NASDAQ finished 0.64% lower, and the S&P 500 was up 0.02%. The Russell 2000 decreased 0.30%, and the Wilshire 5000 was down 0.02%.

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