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Weekday news and analysis for retirement plan advisers
Thursday, October 26, 2023
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Candidly Launches Emergency Savings Solution
The education debt management platform expands with ‘more inclusive solution’ available as one of its SECURE 2.0-based retirement options.
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Morgan Stanley Promotes Co-President to Replace Gorman as CEO
Ted Pick will take the role in January, following James Gorman’s 13 year run.
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
Retirement Advisory M&A Persists Amid Overall Deal Decline
DeVoe’s Q3 M&A report shows overall dealmaking in the advisory space is trending toward a down year, with the retirement sector an outlier both in number and size.
Adviser Product Partnerships – 10/25/23
Pontera and Kovack announce partnership; Russell Investments partners with Venerable; NewEdge Wealth adds iCapital to alternative investment platform; and more.   
SEC Fines BlackRock Advisors $2.5M for Disclosure Violation
The SEC charged the firm with inaccurately describing a business in which it held $75 million in debt.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 105.45 points (0.32%) to close at 33,035.93, the Nasdaq fell 318.65 points (2.43%) to close at 12,821.22 and the S&P 500 fell 60.91 points (1.43%) to close at 4,186.77. The Russell 2000 fell 28.07 points (1.67%) to close at 1,651.43, and the FT Wilshire 5000 fell 649.92 points (1.53%) to close at 41,962.21.

The 10-year Treasury note fell 31/32, bringing the yield to 4.954%. The 30-year Treasury bond fell 2 0/32, bringing the yield to 5.082%. 

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