Lisa Shidler

I strongly suggest looking at InvestnRetire

www.investnretire.com

Ask for a Fee disclosure and comparison report generated as a .pdf file. 

Very Eye-Opening!!!!

RIAs stay the course in holding Schwab to its promise of an RIA-in-charge 401(k) plan with a promising result

Rick Meigs:  We need Schwab in the marketplace and this is a very positive move for Schwab.

Schwab

401(k)

BrightScope

401khelpcenter.com

Biddle and Reath

Rick Meigs

Mike Alfred

Fred Reish

The days when RIAs were the outsiders at the 401(k) party are fast coming to a close. What's new is that the mass of 401(k) assets 
is getting critical at about $3 trillion; fiduciary advisors are getting appreciated; fat fees and questionable kickbacks are getting exposed and stepping out of line is getting dicier as the Department of Labor tightens the regulatory screws.

The old reasons why the 401(k) business is attractive are still in place: there are fresh assets pouring in every month and when employees leave jobs or retire, they produce rollovers that build up IRA accounts for financial advisors. The drawbacks of getting into the 401(k) business are still in place, too. Dealing with retirement assets is really a second line of business and it remains -- unless you overcharge with hidden fees -- a low margin business with high potential fiduciary liabilities.

Still, the outsourcers, infrastructure and accumulated knowledge for RIAs to capitalize on is growing daily and a the mega-shift of assets away from brokers is making the 401(k) business riskier and riskier -- to ignore.

401(k) Stories

Only when RIAs proved they'd only take 'yes' for an answer on open architecture and themselves installed as fiduciaries did their San Francisco-based custodian yield with just a minor Morningstar contingency

RIAs stay the course in holding Schwab to its promise of an RIA-in-charge 401(k) plan with a promising result

Related Moves

April 30, 2019 at 5:25 PM

Robert McHeffey

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