RIABiz' 10 most-read stories of 2012: What fascinated you and why
Facebook, fallout from DOL's new 401(k) regs and happenings at Advizent, Addepar and Windhaven were reader catalysts
Elmer Rich III
Great to see 401k plan stories are popular. For decades, we have been a strong advocate of advisors being involved with DC plans. Think about it:
- These are insti-individual plans and investment vehicles – they are set up under ERSIA as qualified plans but controlled by individuals.
- They demand better investment advice and support that past employer plans – both for plan sponsors and employees
- These plans contain people’s life savings so demand the best investment advice — for a lifetime
Yes, the qualified plan business is compliance heavy and complicated. But advisors can partner with local TPAs for a win-win solution.
Perhaps most important, and challenging, at retirement people need to protect their roll-overs and IRAs to fund MUCH longer periods of retirement.
Mike Byrnes
Quality articles from quite a year! – Mike Byrnes, President of Byrnes Consulting, LLC, www.byrnesconsulting.com
PS just tweeted it out at @ByrnesConsultin
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The Los Angeles broker-dealer nabbed the Fidelity legend to take its $118-billion AUM and 8,000 advisors higher, just as Orion -- also majority owned by Genstar -- makes a similar move.
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Addepar
Portfolio Management System
Top Executive: Eric Poirier
