2020
PLANADVISER DCIO Survey

Providers

Methodology

The 2020 PLANADVISER DCIO Survey was conducted this May via an online questionnaire. Approximately 85 investment firms known or thought to market to defined contribution (DC) plans received the questionnaire; the 43 organizations listed in the pages that follow were those that agreed to complete the survey in its entirety. This information is for reference only and is not comprehensive of the entire DCIO industry, as some major providers chose not to participate. For more information on data available for purchase, or to take part in a future survey, please email surveys@issmediasolutions.com.

Legg Mason Global Asset Management^

TOTAL DCIO ASSETS (US only) ($MM)
Q1 2020$27,500
Year ending 12/31/2019$30,800
Year ending 12/31/2018$23,800
Total DCIO funds56
Number of TDF series2*
LARGEST STANDALONE DCIO FUND
Fund nameWestern Asset Core Plus Bond Fund
DCIO Fund assets ($MM)$6,773
Portfolio managerS. Kenneth Leech, John Bellows, Mark S. Lindbloom, Frederick R. Marki, Julien A. Scholnick
First Year Managing Fund2013, 2018, 2006, 2018, 2016 (respectively)
DCIO ASSET BREAKDOWN (does not include “other” categories)
Mutual funds60%
Collective investment trusts22%
Separate accounts14%
Equity36%
Hybrid/Multi-Asset2%
Stable value/Money market7%
Fixed-Income55%
% Active Management100%
ADVISER SUPPORT/SERVICES
Salespeople focused on advisers9
Salespeople focused on institutional9
Compliance support
Plan benchmarking
Lead generation
Target-date evaluation tools
# RECORDKEEPING PARTNERSNR
NR = Not Reported
*Includes one proprietary to Transamerica: ClearTrack funds
^On February 18, Franklin Templeton announced its intention to acquire Legg Mason Global Asset Management. Each entity is reported separately pending approval and closure of the deal, expected to be complete by Q3 of this year