Conventional wisdom says yes, industry leaders say not so fast.
Advisers need to understand the issues, the risks and the roles of each of the parties in the 401(k) food chain that handle data, especially participant data
The market is hot, but the balance could shift if too many advisers seek a buyer.
Ascensus' FuturePlan has made more than two dozen acquisitions in the last two years.
These may be more problematic than fiduciary mistakes
Worksites provide huge opportunity for 401(k) advisers to integrate fintech solutions.
Hiding fees leads to a lack of trust among plan sponsors.
Change is slow as advisers struggle with managing too many providers.
Wealth managers risk losing key clients and sacrificing business leads if they don't work with 401(k) plans.
