The difficulties of self-benchmarking for advisers came up in a panel discussion this morning at the American Society of Pension Professionals and Actuaries' 2012 401(k) Summit in New Orleans.
The Hartford's surprise exit from several key businesses is still making waves in the advice industry. The latest news: Edward Jones has ceased selling the carrier's life insurance and annuities.
Demand for alternative investments is on the rise, with clients eager to funnel money into real estate, private placements and hedge funds. But with nagging custody issues, plus regulatory warnings, few advisers can meet the growing number of requests.
Analyst also blasts high management turnover and use of proprietary funds
Ephren W. Taylor II allegedly encouraged churchgoers to invest in gaming machines, badmouthed mutual funds
Apparently, even dead clients can pay their credit card bills and bank regularly.
But still no specific timetable for issuance of revised rule
Bank of America's new fiduciary service will be available to plans with at least $25 million in defined-contribution assets and their retirement plan specialist advisers
