Plan sponsors are risk-averse, so 401(k) advisers should highlight the benefits of new concepts while trying to minimize the risk, work and costs.
The landscape is messy, but evidence points more to the two worlds ultimately partnering.
The retirement crisis requires big and bold solutions from plan providers, advisers and sponsors.
Here's a rundown of what retirement plan advisers can expect to see next year.
Many expect to sell their business to fund retirement, yet aren't preparing properly to do so
Absent commissions, asset managers are having a tough time seeing how much business 401(k) advisers are giving them.
The defined contribution industry, record keepers and advisers alike, must catch up fast.
These positions are valuable to advisers, who can take steps to mitigate or eliminate conflicts.
There are still many obstacles, especially for retirement plan advisers within independent broker-dealers.
There appears to be money for "pure" record keepers that don't use asset management fees as a crutch.
