Appellate Court Affirms Dismissal of Chevron ERISA Lawsuit

“Agreeing with a federal district court that plaintiffs did not allege sufficient facts to support a plausible claim that Chevron Corporation and its defined contribution (DC) plan committee breached their Employee Retirement Income Security Act (ERISA) duties of loyalty and prudence, the 9th U.S. Circuit Court of Appeals affirmed dismissal of the lawsuit.” Click here for more details.

Source: PlanSponsor

How This All Happened

If you fell asleep in 1945 and woke up in 2018 you would not recognize the world around you. The amount of growth that took place during that period is virtually unprecedented. If you learned that there have been no nuclear attacks since 1945, you’d be shocked. If you saw the level of wealth in New York and San Francisco, you’d be shocked. If you compared it to the poverty of Detroit, you’d be shocked. If you saw the price of homes, college tuition, and health care, you’d be shocked. Our politics would blow your mind. And if you tried to think of a reasonable narrative of how it all happened, my guess is you’d be totally wrong. Because it isn’t intuitive, and it wasn’t foreseeable 73 years ago. Here’s how this all happened.

Click here to read the article.

Source: The Collaborative Fund

Articles, FYIScott Middleton
Innovest Named A Best Place to Work in Money Management by Pensions & Investments

Innovest is honored to be named a 2018 Best Place to Work in Money Management by Pensions & Investments. This marks the fourth time that Innovest has been awarded the national honor in the past five years (2014, 2016, 2017, 2018).

Pensions & Investments ranked Innovest fifth out of 19 companies with 20 to 49 employees, citing Innovest’s family-friendly work environment and personal and professional development opportunities.

“We are humbled to be awarded this honor for a fourth time. It is one of the awards that we are most proud of as a firm as it is a testament to our outstanding employees and Innovest's culture,” said Richard Todd, CEO of Innovest Portfolio Solutions.

To learn more, click here.

Source: Pensions & Investments

 Innovest employees volunteered to paint a senior’s home for Brother’s Redevelopment.

Innovest employees volunteered to paint a senior’s home for Brother’s Redevelopment.

The Investment Implications of the Midterms

“The results of the U.S. midterm elections were largely in line with expectations,

with one important wrinkle. Although, as anticipated, the Democrats took the

House of Representatives and the Republicans held the Senate, the Republicans

increased their majority in the Senate and this, from a political perspective,

appears to validate the President’s strategy of taking a hard line on immigration

and trade.” Click here to read the full article.

Source: JP Morgan