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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.

How Mutual Fund Store is the real engine now at Financial Engines

Unable to hold 9 million hands as market tanked, Larry Raffone jumped when Warburg Pincus put The Mutual Fund Store on the block

Friday 11.6.15 by Brooke Southall

How Mutual Fund Store is the real engine now at Financial Engines

Unable to hold 9 million hands as market tanked, Larry Raffone jumped when Warburg Pincus put The Mutual Fund Store on the block

Friday 11.6.15 by Brooke Southall

How Mutual Fund Store is the real engine now at Financial Engines

Unable to hold 9 million hands as market tanked, Larry Raffone jumped when Warburg Pincus put The Mutual Fund Store on the block

Friday 11.6.15 by Brooke Southall
5 Comments  
5 Comments  

Hitting a robo wall, Financial Engines buys The Mutual Fund Store for $560 million to bust out of 401(k) confines

The Sunnyvale, Calif.-based robo colossus needed human advisors, and the radio RIA liked having a non-radio source of new clients

Thursday 11.5.15 by Brooke Southall

Hitting a robo wall, Financial Engines buys The Mutual Fund Store for $560 million to bust out of 40

The Sunnyvale, Calif.-based robo colossus needed human advisors, and the radio RIA liked having a non-radio source of new clients

Thursday 11.5.15 by Brooke Southall

Hitting a robo wall, Financial Engines buys The Mutual Fund Store for $560 million to bust out of 40

The Sunnyvale, Calif.-based robo colossus needed human advisors, and the radio RIA liked having a non-radio source of new clients

Thursday 11.5.15 by Brooke Southall
3 Comments  
3 Comments  

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

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

Tuesday 11.3.15 by Lisa Shidler

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

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

Tuesday 11.3.15 by Lisa Shidler

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

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

Tuesday 11.3.15 by Lisa Shidler
1 Comment  
1 Comment  

Morningstar report suggests jiu-jitsu tactic for buying annuities: Game them right back by waiting

Seniors who pick their moment can save as much as 50% with patience as the key strategy

Thursday 10.29.15 by Lisa Shidler

Morningstar report suggests jiu-jitsu tactic for buying annuities: Game them right back by waiting

Seniors who pick their moment can save as much as 50% with patience as the key strategy

Thursday 10.29.15 by Lisa Shidler

Morningstar report suggests jiu-jitsu tactic for buying annuities: Game them right back by waiting

Seniors who pick their moment can save as much as 50% with patience as the key strategy

Thursday 10.29.15 by Lisa Shidler
5 Comments  
5 Comments  

Abigail Johnson takes Pyramis back to its Fidelity roots after her father tried to create exalted brand

Unknown and unloved, the 'just-a-no-load' unit that failed to capture 401(k) rollovers is reimagined to appeal more 'sophisticated' clients

Monday 10.26.15 by Lisa Shidler

Abigail Johnson takes Pyramis back to its Fidelity roots after her father tried to create exalted br

Unknown and unloved, the 'just-a-no-load' unit that failed to capture 401(k) rollovers is reimagined to appeal more 'sophisticated' clients

Monday 10.26.15 by Lisa Shidler

Abigail Johnson takes Pyramis back to its Fidelity roots after her father tried to create exalted br

Unknown and unloved, the 'just-a-no-load' unit that failed to capture 401(k) rollovers is reimagined to appeal more 'sophisticated' clients

Monday 10.26.15 by Lisa Shidler
0 Comments  
0 Comments  

Dimensional Fund Advisors to launch 13 target date funds but can its RIA 'cult' deliver success?

The Austin, Texas-based fund giant sees a 401(k) opening the size of its home state if Vanguard, T.Rowe and Fido are any indication

Friday 10.16.15 by Brooke Southall

Dimensional Fund Advisors to launch 13 target date funds but can its RIA 'cult' deliver succ

The Austin, Texas-based fund giant sees a 401(k) opening the size of its home state if Vanguard, T.Rowe and Fido are any indication

Friday 10.16.15 by Brooke Southall

Dimensional Fund Advisors to launch 13 target date funds but can its RIA 'cult' deliver succ

The Austin, Texas-based fund giant sees a 401(k) opening the size of its home state if Vanguard, T.Rowe and Fido are any indication

Friday 10.16.15 by Brooke Southall
0 Comments  
0 Comments  

Capitalizing on 'unintended consequences' of DOL changes, Ken Fisher pounces on a fat-margin 401(k) opportunity

DOL greased the skids for closed-architecture approach of $60-billion RIA -- as long as it is discloses use of proprietary funds and sets flat fees that apply to them

Thursday 10.15.15 by Lisa Shidler

Capitalizing on 'unintended consequences' of DOL changes, Ken Fisher pounces on a fat-margin

DOL greased the skids for closed-architecture approach of $60-billion RIA -- as long as it is discloses use of proprietary funds and sets flat fees that apply to them

Thursday 10.15.15 by Lisa Shidler

Capitalizing on 'unintended consequences' of DOL changes, Ken Fisher pounces on a fat-margin

DOL greased the skids for closed-architecture approach of $60-billion RIA -- as long as it is discloses use of proprietary funds and sets flat fees that apply to them

Thursday 10.15.15 by Lisa Shidler
0 Comments  
0 Comments  

As Schwab edges closer to letting RIAs in as 401(k) middlemen, leaked details suggest to some that the firm still marginalizes the advisor

Though RIAs technically gain a seat at the Schwab index 401(k) table, they still don't have much say about how assets get invested

Thursday 10.8.15 by Lisa Shidler

As Schwab edges closer to letting RIAs in as 401(k) middlemen, leaked details suggest to some that t

Though RIAs technically gain a seat at the Schwab index 401(k) table, they still don't have much say about how assets get invested

Thursday 10.8.15 by Lisa Shidler

As Schwab edges closer to letting RIAs in as 401(k) middlemen, leaked details suggest to some that t

Though RIAs technically gain a seat at the Schwab index 401(k) table, they still don't have much say about how assets get invested

Thursday 10.8.15 by Lisa Shidler
0 Comments  
0 Comments  

Stealing the FPA show, 'rock star' Marcia Wagner sounds four-alarm fire drill on DOL's onrushing fiduciary rule -- especially one arising from a stumper of a rollover provision

Is there more than one way to be a fiduciary? Yup. Think the rule doesn't apply to your non-401(k) practice and won't affect your fees? Think again, warned the lawyer at the FPA conference in Boston

Thursday 10.1.15 by Sanders Wommack

Stealing the FPA show, 'rock star' Marcia Wagner sounds four-alarm fire drill on DOL's o

Is there more than one way to be a fiduciary? Yup. Think the rule doesn't apply to your non-401(k) practice and won't affect your fees? Think again, warned the lawyer at the FPA conference in Boston

Thursday 10.1.15 by Sanders Wommack

Stealing the FPA show, 'rock star' Marcia Wagner sounds four-alarm fire drill on DOL's o

Is there more than one way to be a fiduciary? Yup. Think the rule doesn't apply to your non-401(k) practice and won't affect your fees? Think again, warned the lawyer at the FPA conference in Boston

Thursday 10.1.15 by Sanders Wommack
1 Comment  
1 Comment  

Report: 'Brother-in-law' dabblers are giving 401(k) ground slowly to specialists in $1.3 trillion market

Some RIAs disagree with Cerulli's pessimism and say DOL is having its effect with small employers seeking real experts to provide 401(k)s to employees

Thursday 9.17.15 by Lisa Shidler

Report: 'Brother-in-law' dabblers are giving 401(k) ground slowly to specialists in $1.3 tri

Some RIAs disagree with Cerulli's pessimism and say DOL is having its effect with small employers seeking real experts to provide 401(k)s to employees

Thursday 9.17.15 by Lisa Shidler

Report: 'Brother-in-law' dabblers are giving 401(k) ground slowly to specialists in $1.3 tri

Some RIAs disagree with Cerulli's pessimism and say DOL is having its effect with small employers seeking real experts to provide 401(k)s to employees

Thursday 9.17.15 by Lisa Shidler
0 Comments  
0 Comments