July 19th, 2019

SunTrust Wins Narrow Summary Judgement in Long-Running ERISA Suit A federal court has rejected the argument that defendants were aware that their predecessor fiduciaries had breached their duties in selecting affiliated funds and thus that they breached their own duties by failing to take adequate steps to remedy the original alleged breaches. Read more > FINRA Share Class Sweep Highlights Importance of Cooperation The regulator granted significant credit for “extraordinary cooperation” to those firms which were proactive in identifying and fixing issues related to fee waivers for certain mutual fund share classes. Read more > Educating Is Important with 529s Offering advice about these plans can deepen relationships with clients Read more > Tactical TDFs a Better Approach? Some experts say adjust the glide path to the market Read more > MOST READ ARTICLES 1 Franklin Templeton to Acquire Putnam for $925 Million 2 Human Interest Offers 3% Cash Back for New Retirement Savers 3 Congress Says It Will Fix at Least 4 Errors in SECURE 2.0 4 Smart Acquires Managed Account Provider ProManage 5 Retirement Industry People Moves

Tangled The state of the DCIO industry Read more > High-Tech Meets High-Touch How advisers blend technology and coaching to engage plan participants Read more > Market Mirror Thursday, the Dow inched up 3.12 points (0.01%) to finish at 27,222.97, the NASDAQ closed 22.04 points (0.27%) higher at 8,207.24, and the S&P 500 increased 10.69 points (0.36%) to 2,995.11. The Russell 2000 was up 4.85 points (0.31%) at 1,555.62, and the Wilshire 5000 gained 96.88 points (0.32%) to finish at 30,788.58.   The price of the 10-year Treasury note climbed 24/32, decreasing its yield to 2.026%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.564%.

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