US Securities and Exchange Commission Chairman Paul Atkins says the agency will work closely with its counterparts at the Labor Department when considering potential changes to rules for retirement plans https://t.co/8ocU8YTPbI ...

Market Trends & Regulatory Landscape - President Trump is expected to sign an executive order to make private market investments more accessible to US retirement plans [1] - The executive order aims to provide guidance to the Department of Labor and the Security Exchange Commission on incorporating private market investments into target date funds and balanced funds within 401k plans [1] Investment Opportunities & Potential Risks - The 401k industry holds approximately $12 trillion in assets, presenting a significant opportunity for private market investments [1] - BlackRock and Apollo are among the firms that stand to benefit significantly from increased access to private capital in 401k plans [1] - Concerns exist regarding the suitability of alternative investments for all investors due to their less liquid nature, reduced transparency, and higher fees [2][3] - The relative youth of the private market asset class raises concerns about its long-term performance and appropriate allocation within retirement portfolios [4] Individual Investor Considerations - The average Fidelity 401k account balance at the end of Q1 was $127,000 [1] - Financial advisors express concern that investors may view private market investments as a quick fix to meet retirement goals without fully understanding the challenges [4][5] - Independent financial advice is crucial to determine how these investments fit into an individual's overall financial life [5]

It's time now for the Wall Street beat. It's the talk of the town. The Trump administration is finalizing an executive order that would allow for one key retirement plans to invest in private equity.This move would be a major win for the industry. Stocks are rallying on the news. Many of these stocks have been under pressure all year.Joining us now with details, Bloomberg's private equity reporter, Alison Mcneilly, who's been following the story, closely reported back in May that this was under consideratio ...