Current approaches to building their businesses may not get retirement plan advisers to where they would like to be.
The trend will likely further fuel industry consolidation.
Retirement industry stakeholders of all stripes are set to undergo big changes.
Asset managers have been providing advisers with sales and marketing support, but plan sponsors may view that as a conflict.
They demystify how DC plans work, but resistance remains strong.
Senior executives aren't convinced of the importance of company retirement plans.
Some aggregator firms offer the support, tools, technology and built-in succession plans associated with the traditional wirehouse model.
Small 401(k) plans may have flaws, such as cost, but there are trade-offs involved in using alternate solutions.
Less experienced plan advisers armed with powerful tools and outsourced resources are willing to work for half the price of more knowledgeable plan advisers.
The rule regulated what was already happening within the defined-contribution industry anyway.
