by Tony Michael | Feb 6, 2019 | 401(k)
When the 401(k) system started, there were no assets in the funds. Retail mutual funds were the only investment vehicles available to take small contributions. Now, however, things have dramatically changed. The 401(k) system is vast and ever-expanding, holding upwards of $7 Trillion in employees life savings. Those kinds of assets demand an institutional, and not just a retail, set of investment choices.
by Tony Michael | Jan 24, 2019 | Retirement
How does this cause fear in the broker-dealer community? I can’t tell you how many conversations I have had with broker-dealers that fear their advisor’s activity in this area. Not that they think they are bad or malicious, but fear of little careless common mistakes that cannot be overseen 100%. The fear that they will be taken to court thru the actions of an advisor acting on their own, compares to snakes and spiders for the common person. So what is to be done?! I thought you would never ask.
by Tony Michael | Jan 11, 2019 | 401(k)
For those who are not aware, revenue sharing is the idea of transferring fees from investment companies to service providers who support 401k plans. Instead of charging their fees directly, they receive them without the sponsor and participants sometimes ever knowing.