Services include a personalized financial planning experience for employees and an extension of high-quality institutional investment management for all the household’s accounts.
Offering guidance to participants is critically important, advisers say, and can yield profitable wealth management relationships.
Employers are offering this assistance in a variety of ways, including managed accounts, target-date funds and investment advice, according to PSCA.
The parties report they have resolved the case, and the judge dismissed the action with prejudice—meaning another complaint cannot be filed.
Many plan providers are squandering their chance to serve as long-term consultants to a potentially lucrative client cohort by not upscaling their offerings to meet its demands, Cerulli says.