Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 9th, 2020

Salesforce Ruling Offers Key Lessons About Revenue Sharing, Fee Litigation

The ruling pushes back against overly broad claims suggesting that actively managed mutual funds and revenue sharing are inherently imprudent in qualified retirement plans. Read more >
Morgan Stanley’s Eaton Vance Acquisition Makes Waves
The move to acquire Eaton Vance, a provider of investment strategies and wealth management solutions, underscores Morgan Stanley’s goal to create a holistic advisory, investment management and brokerage shop. Read more >
Wealth Management, RIA M&As Should Continue at Record Pace
Experts say it’s a seller’s market, and the consolidation of the industry will yield better services for retirement plan participants. Read more >
No Decision to Come in Lawsuit Over Mismanagement of TDFs
The lawsuit against Principal Global Investors and related entities was abandoned. Read more >
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
The Future of Work in the Investment Industry
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
Lawsuit Against Northern Trust Over TDFs Will Proceed
15th Anniversary of RPAY: Pensionmark
Given the firm’s forward-thinking attitude, not all that much has changed since Pensionmark was recognized as the 2013 PLANSPONSOR Multi-Office Adviser Team of the Year, apart from the size of the firm. Read more >
Investment Product and Service Launches
Allianz Life launches solutions platform for RIAs; Wilmington Trust adds sign-on program; Columbia Threadneedle announces 2021 successor; and more. Read more >
Market Mirror
Thursday, the Dow was up 122.05 points (0.43%) at 28,425.51, the NASDAQ increased 56.38 points (0.50%) to 11,420.98, and the S&P 500 closed 27.38 points (0.80%) higher at 3,446.83. The Russell 2000 climbed 17.51 points (1.09%) to 1,628.55, and the Wilshire 5000 gained 295.18 points (0.84%) to finish at 35,575.27.   The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.771%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 1.581%.
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850