News, Vision and Voice for
the Advisory Community
advertisement

Articles tagged "401(k)"


Larry Deatherage: We could find 500 other participants who would counteract what was said on 'Frontline.'

How an LPL-owned 401(k) afterthought zoomed from $6.5 billion to $10 billion with help from reps -- and thinking big
The former NRP duo demurred overtures three years ago from wirehouses and big competitors and now counts Qualcomm, Petco and In-N-Out burger as clients

Thursday 11.7.13
Ron Rhoades: Here is the rub: the plan sponsor has great difficulty holding the "retirement plan consultant" to account, given the low standard of conduct applicable to measure the potential liability of a non-fiduciary consultant.

Legal analysis: Why the Yale 401(k) letters, limits aside, should raise an alarm to plan sponsors
Ayres may not have it all letter perfect but his basic points have a legal basis

Monday 8.19.13
Ron Rhoades: Wall Street and the large U.S. banks have captured our regulatory bodies and Congress, to the detriment of individual American investors.

Why keeping FINRA from ruling RIAs is critical to these firms, the investor -- and even the U.S. economy
In Part 1 of a four-part series, our One Man Think Tank pulls back the lens to look at how the resolution of the fiduciary furor could reverberate nationwide

Monday 6.24.13
Brendan Little: Litigation serves as an important deterrent by identifying and penalizing those service providers that are responsible for the egregious fees.

An attorney explains where the 'trail goes cold' in PBS' 'Retirement Gamble'
Just where the line is between a legal and illegal 401(k) plan is important to know

Tuesday 5.21.13
Scott Pritchard: A plan sponsor said recently: 'Other issues are just bigger than the 401(k) plan. As long as it's low-maintenance, then I’m happy.'

The PBS 'Frontline' 401(k) documentary names suspects but leaves out major culprits of the theft of the American retirement
Wall Street charges excessive hidden fees, but it's all within the bounds that the system allows

Wednesday 5.8.13
 Jack Waymire: How are you supposed to recall the details of a conversation that took place three years ago?

9 ways RIAs can get a leg up by using a pillar of pension plans -- a written contract
Words and a handshake are well and good, but and IPS is forever, and your client will thank you for it

Wednesday 2.20.13
Sheldon Geller: Fee-only advisors have, by their choice of compensation, eliminated most, if not all, conflicts inherent in the marketplace.

How RIAs can rule the 401(k) realm by becoming advocates for plan sponsors -- and start by eliminating eight marketplace conflicts
Brokers can still claim an edge with their knowledge of DC administrative matters but that's a bowling pin ready for the toppling

Thursday 2.14.13
Amy Reynolds: Handing retirees a lump sum check and wishing them 'good luck' doesn't cut it.

10 essential steps that 401(k) plan sponsors need to take in 2013 to put clients on the right road to retirement
Developing white-label and spend-down strategies for all DC plans is important and carefully explained here

Wednesday 1.16.13
Phyllis Borzi is poised to continue her mission of protecting 401(k) investors in 2013: "The laws need to keep up."

10 most influential individuals in the 401(k) industry affecting RIAs in 2012, Part 2
Executives and lawmakers are leading the charge on a fast-shifting landscape as retirement funds gain increasing importance to an aging US population

Friday 1.4.13
Walter Bettinger: The line of people who have expressed interest is long.

Technical challenges may push Schwab's ETF-only 401(k) plan schedule into 2014 -- deferring an intriguing financial clinical trial
The bad news for Bettinger: a few million more lines of code; The good news: Fidelity won't seek to capitalize on the extended deadline

Wednesday 10.3.12
Terrence Morgan: 401(k) plan sponsors are finally ... discovering ... that all their friendly stockbroker could do was hand out enrollment kits and pat their employees on the back.

Cerulli: RIAs and hybrid RIAs make giant advances on banks and wirehouses in the 401(k) race
DOL guidance is making a difference and so is bank and wirehouse reluctance to take on fiduciary risk

Thursday 9.27.12
Joe Masterson: It's always bugged me that passive investors weren't paying their fair share.

RIAs join move to right a 401(k) wrong: Lopsided plan expenses -- a non-DOL issue
Participants using mutual funds with active management pay for their passively managed brethren; with fiduciary issues being taken for real, this is a problem

Thursday 9.20.12
Sheldon Geller: Engaging non-fiduciary consultants and relying on their advice is not evidence of prudence.

9 things advisors to 401(k) plans must do to keep clients out of hot water
A wave of fiduciary lawsuits is creating new plan best practices

Friday 7.13.12
 Phil Chiricotti: It's a needless requirement that just can't be met.

New DOL rule effectively kills off open-architecture option favored by some big plan participants -- and sets off the 401(k) industry
The wrinkle aimed at self-directed accounts is seen as an unnecessary eleventh hour blindsiding by Fidelity, TD and the CFDD among a broad constituency

Wednesday 6.20.12
Jason Roberts: The broker wants to make sure the advisor isn't taking the clients to lunch.

Why brokers from Nationwide, LPL, Merrill Lynch and others are giving RIAs a cut of their 401(k) action
RIAs and brokers alike are wary of the fox-in-hen-house effect but DOL is creating strange bedfellows

Tuesday 5.29.12
Anne Tuttle:  We’re happy to see more information provided to sponsors.

How giant advice provider Financial Engines can sweep the 401(k) field -- or not
It has $53.7 billion of assets under its managed account platform, but how the new DOL disclosure rules, competition from Morningstar and Schwab's bet on GuidedChoice play out will be very telling

Tuesday 5.22.12
Debbie Pritchard: Most of the advisors we're working with are all talking to us about becoming 3(38)s.

How Schwab is gearing up its RIAs to fight for 401(k) assets
The San Francisco custodian's deal with fi360 will help advisors meet increasing demand from employers that their advisors be fiduciaries

Wednesday 5.16.12
Walt Bettinger: There's hundreds of billions in assets that are not under an advisory relationship.

Schwab adds $2 billion of assets from Windhaven, with RIA help, and another $2 billion of assets from 41 new RIAs
Walter Bettinger lauds the 'fairly rapid growth' of the recent acquisition

Tuesday 5.1.12
Gus Fleites: It is no longer possible for me to continue to represent the firm.

After a short engagement, Gus Fleites splits from his CEO spot with an Oregon 401(k) platform provider
Invest n Retire is shifting to pouring resources into technology right now after looking at a sales buildup that Fleites was expected to facilitate

Monday 4.23.12
David Booth:  If we can convince the advisor that what we're doing makes sense, then they can translate that to the individual.

DFA takes on life cycle funds by putting an alternative offering in the hands of 401(k)-minded advisors
Managed DC is the first in a series of such products, hints David Booth, but a critic says the premise on which they're built is all wrong

Friday 4.20.12
Gus Fleites: I was always left with an uneasy feeling.

Gus Fleites joins an Oregon venture with a plan to revolutionize the 401(k) business
The former president of State Street Global Advisors' fund business is joining Darwin Abrahamson at Invest n Retire to accelerate ETF proliferation in DC accounts

Wednesday 3.28.12
Robert Moore: We like transparency.

LPL sees bright spots amid sideways 4Q earnings report
The firm is buoyed by increase in advisors, a perceived edge in the 401(k) segment and interest generated by the Fortigent deal

Wednesday 2.8.12
Terrence Morgan: It wouldn't surprise me if people are stalling and hoping that Phyllis Borzi is fired.

Report of a possible delay in DOL's fee disclosure rule sparks apprehension among advisors and industry observers
Advisors say they can't comply with the rule until they know what's in it but one delay could lead to another

Thursday 1.5.12
Marcy Supovitz: There's never been any professional society with a strong focus on advocacy representing advisors who focus on employer-sponsored retirement plans.

401(k) advisors get a lobbying voice in Washington
But in these tough times, advisors are better served by a focus on practical solutions, CFDD president counters

Wednesday 10.5.11
David Booth: We work so hard it's a shame to call us passive.

Dimensional Fund Advisors tells RIAs it's getting active in its quest for 401(k) assets
DFA says this new plan will complement, not compete with, the services an advisor offers

Thursday 7.14.11
Walter Bettinger, Schwab's CEO, is high on ETF-infused 401(k)s combined with independent advice

What to make of yesterday's Wall Street Journal report on Schwab's 401(k) 'bet'
RIAs favor WSJ's suggestion that Financial Engines is getting a close look as an outsourced 401(k) advice provider

Thursday 6.2.11
Jim O’Shaughnessy says his company has been transitioning to a fee-based business since December 2006

Cerulli report: Specialized RIAs likely to win middle-market 401(k) plan battle
Gold-standard study shows fee-only adviser poised to take over

Thursday 4.14.11
A technology platform decision by Presidio's Paul Boscacci sparked a story that led the RIABiz rankings for March.

The RIABiz Top 10 for March: High drama in the tech world; and the 401(k) revolt
The RIABiz Directory hits 300 listings

Friday 4.1.11
Larry Goldbrum: (DOL's proposed rules) will have a significant chilling and negative effect on the retirement plan community.

DOL's proposal puts the screws to legacy 401(k) providers
As SPARK, SIFMA, others cry foul at yesterday's hearing, RIAs may be sitting pretty with the right fiduciary framework in place

Wednesday 3.2.11
Scott Thomas: He's catching some in the 401(k) world, too.

Head-to-head: How one advisor went up against a giant of the retirement plan world and won
The $80 million Royal Alliance firm had help from Loring Ward's new 401(k) platform -- and a fiduciary crusader

Thursday 2.17.11
Walt Bettinger: Let’s cut through the noise that is out there. A participant spending a career in a program offering an index oriented line up of investments will retire with $115,000 more over a similar participant using actively managed funds.

Schwab's CEO engages in a Q&A about how his company's deep-discount, more-advice 401(k) plan will work
It's the fees and the index approach that's important, Bettinger says -- not that Schwab plans to offer the capacity to trade

Wednesday 2.16.11
Lou Harvey: This gives them a huge edge on Fidelty.

Schwab to make long-awaited move in 401(k) market with an all-indexed mutual fund and ETF strategy
Market leader Fidelity not likely to mirror the move because of its legacy structure

Thursday 2.10.11
Adam Antonaides: It’s a compentency that broker-dealers are going to have to deliver.

First Allied, LPL aim to sell customized 401(k) plans for the small business market
Adam Antoniades sees 'giant asset-gathering mechanism' building from investments in ERISA talent

Wednesday 12.15.10
Skip Schweiss: We think it’s time to ramp it up.

TD Ameritrade and Pershing are making moves to win RIA 401(k) assets
Little-known Matrix is strong with 401(k) business for advisors and Fidelity's new 401(k) RIA solution is well-received

Wednesday 11.3.10
Catherine Golladay: People are more likely to engage in professional help if it is provided in a personalized one-on-one setting

What Schwab's new 401(k) study tells about the demand for financial advisors to manage retirement assets
Automated advice is making a bigger dent but the personal touch is favored by a wide margin

Wednesday 9.29.10
Jim Sotell: Fees that were hidden are coming to the surface. That will put RIAs on a more level playing field with brokers in the retirement plan business.

How the new 12b(1) fee restrictions could transform the financial advisory industry
Brokers selling 401(k) plans may have another nail driven into their coffin

Thursday 7.22.10
U.S. Rep. George Miller is one of a number of Washington, D.C.-dwellers paying more attention to hidden fees in 401(k) plans.

One down, two to go: Trio of important DOL regs reshapes 401(k) advice business
Plan fiduciaries may face an easier world -- if their disclosures don't come back to bite them

Tuesday 7.20.10
Scott Pritchard: As much as I’d like to say that Fidelity has lost their edge, I think this is just a reflection of the fact that a small percentage of plan sponsors have begun to recognize the value of working with independent RIAs.

What the confidential documents uncovered by Reuters say about Fidelity's future in the 401(k) business
A rare glimpse at the 401(k) giant's client tally shows slippage among big customers but its 401(k) business may be finding increased traction with advisors

Thursday 7.8.10
RIAs continue to rise above the landscape and capture notice from across constituencies

What happened in June shows that RIA fortunes stayed on the rise
The giant legislative victory was a landmark for RIAs but much more happened as Spring turned to Summer

Friday 7.2.10
Phil Chiricotti says the rules are the rules when it comes to the 401(k) business

Phil Chiricotti speaks out on broker-sold commissions, RIA fees and heresy
The 401(k) expert says RIAs generally lack the qualifications to work in the retirement assets market -- and may charge too much

Friday 6.18.10
Craig Watanabe: Adequately servicing 401k plans is a demanding endeavor and we will likely see retirement plan specialists gaining market share.

What Cogent's new study says about where RIAs stand in the 401(k) business
Brokers still dominate most segments but RIAs do well with bigger plans, results of two surveys show

Thursday 6.17.10
Peter Savarese: If the DOL does its job and promulgates 408(b)(2) as expected, all RIAs will have a competitive advantage

A compliance attorney fields four tough 401(k) questions amid crossfire provoked by Ric Lager's column
Peter Savarese's answers show how RIAs can manage 401(k) assets and avoid land mines

Friday 5.28.10
Ric Lager:  I have never given a bag lunch seminar over lunch hour in the company cafeteria.  Hell, I don’t even have a PowerPoint presentation on the topic.

Why gathering big-time 401(k) assets -- and charging regular fees -- is well within reach for most experienced RIAs
The obstacles are overrated and the opportunity is underrated

Tuesday 5.25.10
If Congress passes financial reform, it only sets the stage for a new host of FINRA, SEC and DOL issues

Regulatory Wire (Updated): To create a successful new regulatory regime, the biggest fears of both broker-dealers and advisors must be assuaged
Plus, a DOL administrator offers hints of new 401(k) regulations to come this fall

Friday 5.14.10
India is a very fertile place for RIA activity, says Charles Lowenhaupt.

The world according to advisors
Scanning the RIAbiz stats for what advisors were thinking about over the past month

Wednesday 5.12.10
Tony Ferreira: They’re a victim of the recession.

Some experts question Cogent Research study's finding of big dip in 401(k) plan ownership
The bad economy deterred participation in employer retirement plans but their growth may stay suppressed longer term, researchers say

Thursday 4.29.10
Bob Kleiber: Our fees are up front, on the statement every month. Brokers and insurance agents fees are hidden. Sometimes we have to explain that to clients, again.

Fidelity brings its 401(k) muscle to RIAs with new product
The 401(k) giant seeks to do for RIAs what it's done for brokers all along

Wednesday 4.21.10
Heather Underwood goes deep into the made-for-RIA features of BrightScope's website

How BrightScope is using technology to create order in a messy 401(k) market
A San Diego-based company gives a peek behind the curtain of many of the 60,000 largest defined contribution plans

Thursday 3.25.10
Lou Harvey: The bigger impact is on IRAs, not 401ks. There are a heck of a lot more IRAs out there and advisers involved in IRAs.

IRA assets could be ripped from the grasp of brokers if DOL has its way
With brokers disqualified, fee-only advisors may have 'phenomenal' opportunity to dominate $4.1 trillion IRA market

Thursday 3.4.10
Ed Ferrigno: It’s still extremely muddled.

Why the DOL's proposed 401(k) rules could ding brokers and leave the spoils to RIAs
SIFMA cries foul on the basis that such regulations would reduce people's access to retirement plans

Wednesday 3.3.10

From the RIABiz Directory »

The Industry Sourcebook for RIAs


Browse All Archives


2014


    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2013


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2012


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2011


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2010


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2009


    December
    November
    October
    September
    August

Most Emailed Stories »

Lou Harvey: It does mean that annuity sales will no longer be a 'caveat emptor' type of transaction.
17 shares
'Paradigm shift' in 401(k) flows opens the DOL door for annuities in 401(k) plans and RIAs are split

Trisa Summers: The more I understood the level of transparency ... you have to be really comfortable.
7 shares
Zero Alpha Group fraternity adds a sister to its elite $14-billion DFA RIA club

David Stofer: At SageView I had to sell and service clients....I want to be a consultant.
6 shares
How Mariner Holdings is angling to become a $3-billion 401(k) company overnight by co-opting a local SageView office

Adam Nash: Having $100 million in the bank allows us to retain independence from Wall Street.
1 shares
Wealthfront responds with force to Schwab CEO's robo announcement

Abby Johnson's smarts and fierce work ethic are a given but some wonder if she can match her father's force of personality.
1 shares
How Abby Johnson won the hearts of mega-RIA clients in advance of taking the CEO spot at Fidelity Investments


Get the RIABiz Today
Email Alert »