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Weekday news and analysis for retirement plan advisers
Tuesday, September 12, 2023
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Compliance
DOL Sends New Adviser Fiduciary Rule to OMB for Review
PA-091123-New-fiduciary-rule-1341420659-web
The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.
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10 Questions for Advisers To Ask When Brand Building
Rebecca Hourihan, founder of 401(k) Marketing, shares how to attract clients through personal branding.
Today’s Most Read
1. Vestwell Adds TIAA Lifetime Income Offering
2. Salesforce Settles 401(k) Suits for $1.35M
3. Alera Group Acquires $24B Advanced Capital Group
Advisory M&A
Cetera acquires tax-focused wealth manager Avantax for value of $1.2B; Investment Consulting Group joins Osaic; Hub International acquires assets of Dieffenbach Benefits Group; and more.
Economic Slowdown, Inflation, Top List of Adviser Concerns in PGIM Study
A new survey by the asset manager also shows that more than half of respondents view U.S. Treasurys, investment-grade corporate bonds and municipal bonds as attractive investments.
Are You Ready for Class Action Health Care Plan Fee Litigation?
Joanne Roskey, a former DOL solicitor and current ERISA attorney, discusses how to prepare for the likely wave of litigation coming for health care plan fiduciaries and service providers—similar to what happened in the retirement plan space.
Market Mirror Market Mirror Graph

Monday, the Dow rose 87.13 points (0.25%) to close at 34,663.72, the Nasdaq rose 156.37 points (1.14%) to close at 13,917.89 and the S&P 500 rose 29.97 points (0.67%) to close at 4,487.46. The Russell 2000 rose 3.60 points (0.19%) to close at 1,855.14, and the FT Wilshire 5000 Index rose 287.85 points (0.64%) to close at 45,229.30.

The 10-year Treasury note fell 2/23, bringing the yield to 4.290%. The 30-year Treasury bond fell 28/32, bringing the yield to 4.376%.

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