September 3rd, 2019

SEC Charges Cetera with Defrauding Advisory Clients The Commission says the broker/dealer charged clients 12b-1 fees when they qualified for lower-cost shares. Read more > 2020 Award Nominations Are Open Today, PLANSPONSOR has opened the nominating process for the annual PLANSPONSOR Plan Sponsor of the Year and Retirement Plan Adviser of the Year awards. Read more > Retirement Industry People Moves Capital One acquires wealth management software company; Millennium Trust names first chief growth officer; Principal Global Investors hires CEO for Principal Funds; and more. Read more > Hardship Withdawals Climb 40% The Bipartisan Budget Act is seen as the catalyst Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 2023 Retirement Plan Adviser of the Year Finalists 3 Biden’s First Veto Keeps DOL’s ESG Rule in Place 4 Complying With the Custody Rule and the New Custody Proposal 5 Experts Predict Major Growth in Retirement Coverage, Benefits

Guaranteed Income Is Important Advisers fail to realize the topic should be addressed Read more > Inspirational Financial Wellness To succeed, these programs must prompt workers to take action Read more > Market Mirror Friday, the Dow closed 41.03 points (0.16%) higher at 26,403.28, the NASDAQ decreased 10.51 points (0.13%) to 7,962.88, and the S&P 500 increased 1.88 points (0.06%) to 2,926.46. The Russell 2000 was down 1.88 points (0.13%) at 1,494.84, and the Wilshire 5000 was up 12.36 points (0.04%) at 29,923.43.   The prices of the 10-year Treasury note and 30-year Treasury bond were each down 1/32, increasing their yields to 1.503% and 1.968%, respectively.   WEEK’S WORTH: For the week ending August 30, the Dow climbed 3.02%, the NASDAQ finished 2.72% higher, and the S&P 500 gained 2.79%. The Russell 2000 was up 2.42%, and the Wilshire 5000 increased 2.64%.

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