Welcome to this week’s edition of 401(k) Real Talk, where Fred Barstein, contributing editor for WealthManagement.com's RPA Edge, reviews all of last week’s industry news and selects the five most important/interesting stories:
Job market cools in October but is still “overheated” according to the Fed https://www.cnbc.com/2022/11/04/jobs-...
Twitter, rate hike, LPL acquires large branch for 1st time ever https://www.wealthmanagement.com/indu...
Voya acquires cloud-based benefits administration company to leverage convergence https://www.voya.com/news/2022/11/voy...
Over-hyped ESG funds losing favor with investors https://www.plansponsor.com/callan-dc...
DC Fintech hires Wise Rhino Group to pursue sale
Other interesting news: Auto portability legislation receives bipartisan backing https://401kspecialistmag.com/auto-po...
Allianz announces deal to offer guaranteed income through multiple record keepers https://401kspecialistmag.com/allianz...
Tech stock declines weighing heavy on 401k accounts https://www.investmentnews.com/tech-s...
SECURE 2.0 likely to pass this year according to industry insiders https://www.plansponsor.com/timeline-...
Financial advisors more focused than ever on marketing https://www.planadviser.com/financial...