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Friday, September 15, 2023
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Affiliation Benefits Abound, but Independence Still Has Merits, Say Advisers Who Have Done Both
PA-091423-Independent-versus-affiliate-1149209080-web
Many plan advisers have moved to affiliate models for reasons ranging from client service to career pathing, said advisers at the 2023 PLANADVISER National Conference.
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Compliance
SEC’s Risk Alert Worth Close Look Amid ‘Bevy’ of New Rules, Charges
Compliance experts point to the regulator’s focus on third-party providers and its marketing rule stringency in the recent exam notice.
Today’s Most Read
1. Infosys Breach From 2023 Exposed Personal Data of 6 Million People
2. Voya to Acquire OneAmerica’s Retirement Plan Business
3. How Recordkeepers Can Stay Competitive
Investment Product and Service Launches
Envestnet enhances platform; NFP launches HR+; Betterment introduces Bitcoin/Ethereum portfolio.
Swing Pricing Proposal on Shaky Ground as Bipartisan Opposition Solidifies
Of all the SEC proposals facing pushback, the swing pricing proposal for mutual funds is taking the most heat from Democrats.
American Airlines Asks Judge to Toss 401(k) ESG Complaint
The airline's motion maintains that former pilot has no standing in ESG investing lawsuit, including an amended complaint that sought to expand "the list of managers he targets." 
Market Mirror Market Mirror Graph

Thursday, the Dow rose 331.58 points (0.96%) to close at 34,907.11, the Nasdaq rose 112.47 points (0.81%) to close at 13,926.05 and the S&P 500 rose 37.66 points (0.84%) to close at 4,505.10. The Russell 2000 gained 25.79 points (1.40%) to close at 1,866.63, and the FT Wilshire 5000 gained 387.17 points (0.86%) to close at 45,382.72.

The 10-year Treasury note increased 1/32, bringing the yield to 4.296%. The 30-year Treasury bond increased 1/32, bringing the yield to 4.386%.

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