2017
PLANADVISER Recordkeeper Services Guide

Recordkeepers’ consistent evolution

Providers

Providers

Wells Fargo

DC Assets ($MM) $227,800
% OF ASSETS BY CHANNEL
Direct15%
Third-party administrator27%
Traditional institutional consultant26%
Adviser/Broker27%
Other5%
ADVISER TYPES USED
Proprietary or affiliated broker/dealers
Nonaffiliated advisers
Designated firms
FEE STRUCTURES
Upfront commission (front-end load)
Finder's fee
Ongoing trail/commission
RIA fees/Hard-dollar fee
ERISA account/budget
SUPPORT SERVICES FOR ADVISERS
Access to ERISA counsel
Provider search resources/tools
DC plan benchmarking
DC plan lead generation