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Article: 401(k)s pose challenges for advisers; Plan sponsors more demanding, white paper finds.(News)
- Article from:
- Investment News
- Article date:
- June 4, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Lisa Shidler
CHICAGO - According to a new white paper, although 83% of plan sponsors who used financial advisers were very satisfied with them, 42% of surveyed sponsors didn't even use one.
That creates a huge opportunity for advisers, said William O'Grady, senior vice president of distribution and national sales for the retirement services division of MassMutual Financial Group and co-author of the white paper, "The Successful Retirement Advisor: Quantitative Research Analyzing Plan Sponsors' Needs and Experiences.''
MassMutual Financial Group is the marketing name for Massachusetts Mutual Life Insurance Co., based in Springfield, and ...