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Weekday news and analysis for retirement plan advisers
Monday, October 25, 2021
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Retirement Industry People Moves
TIAA appoints chief brand and demand generation officer; BDO USA adds Lowery Asset Consulting; Morgan Stanley Investment Management bolsters sales leadership team; and more.
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Compliance
GKN Latest to Face Scrutiny Over GoalMaker Service
Though its GoalMaker portfolio management solution features prominently in the plaintiffs’ allegations, Prudential is not a party in the case.
Today’s Most Read
1. Franklin Templeton to Acquire Putnam for $925 Million
2. Human Interest Offers 3% Cash Back for New Retirement Savers
3. Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
Well-Funded HSAs Are a Retirement 'Superpower'
Having an HSA going into retirement is ‘incredibly powerful,’ experts say, because money is being saved and spent as efficiently as possible.
A Year of Disruption Spotlights Tech, Cybersecurity
Advisers are increasingly focused on social media marketing, technology that can deliver investment personalization, and cybersecurity.  
New Benartzi Paper Dissects Narrow Framing Phenomenon
Would you accept a bet in which you win $200 if a coin lands on heads and lose $100 if it lands on tails? What if you could play twice?
Market Mirror Market Mirror Graph

Friday, the Dow was up 73.94 points (0.21%) at 35,677.02, the Nasdaq lost 125.50 points (0.82%) to finish at 15,090.20, and the S&P 500 was down 4.88 points (0.11%) at 4,544.90. The Russell 2000 decreased 4.92 points (0.21%) to 2,291.27, and the Wilshire 5000 closed 116.30 points (0.25%) lower at 47,281.86.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.643%. The price of the 30-year Treasury bond climbed 1/29/32, decreasing its yield to 2.074%.

For the week ending October 22, the Dow was up 1.08%, the Nasdaq finished 1.29% higher, and the S&P 500 climbed 1.64%. The Russell 2000 increased 1.13%, and the Wilshire 5000 gained 1.58%.

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