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Weekday news and analysis for retirement plan advisers
Monday, September 13, 2021
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SEC Sanctions Offer New Cybersecurity Guideposts
One former SEC enforcement leader says actions against several advisory firms that allegedly had cybersecurity failures make a clear case for the use of multifactor authentication—but that’s just the beginning of cybersecurity.
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How to Live Well in Retirement
Advisers should heed near-retirees’ post-pandemic values and goals.
Today’s Most Read
1. Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
2. 2023 Retirement Plan Adviser of the Year Finalists
3. With SECURE 2.0, the Cash Balance DB Plan May Be Back
Investment Product and Service Launches
J.P. Morgan AM launches lifetime income solution; Allianz Life Partners with iJoin and IPX to offer guaranteed income option; Janus Henderson Launches Five Actively Managed Sustainable Exchange-Traded Funds; and more.
Teacher Pensions Are Broad Retirement Security Issue
A new report from nonprofit group Bellwether Education Partners ranks public school teachers’ pensions by state, arguing that everyone has a stake in pension systems that are supported with public dollars.
Retirement Industry People Moves
Investment Adviser Association enters partnership with ACA; Hub acquires Millennium Advisory Services; Dechert hires employee benefits and executive compensation partner; and more.
Career Mentor or Advocate?
Underrepresented groups are advancing in financial services, but what helps the most is having a workplace advocate—someone to champion their abilities when they’re not in the room.
Market Mirror Market Mirror Graph

Friday, the Dow lost 271.66 points (0.78%) to finish at 34,607.72, the Nasdaq closed 132.76 points (0.87%) lower at 15,115.49, and the S&P 500 decreased 34.70 points (0.77%) to 4,458.58. The Russell 2000 was down 21.58 points (0.96%) at 2,227.55, and the Wilshire 5000 fell 361.07 points (0.77%) to 46,344.36.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.335%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 1.932%.

For the week ending September 10, the Dow lost 2.15%, the Nasdaq was down 1.61%, and the S&P 500 decreased 1.69%. The Russell 2000 fell 2.81%, and the Wilshire 5000 finished 1.81% lower.

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