- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Converting 401K to an advisory account?
Posted on 10/21/15 at 8:09 pm
Posted on 10/21/15 at 8:09 pm
Got an email today from the manager of my company's 401k recommending that I convert from a brokerage retirement account to an advisory account. They say this is because of pending changes from the Dept of labor on brokerage accounts.
They also said we would have access to discount pricing and institutional share class mutual funds due to the size of our plan.
Any input on this change?
FWIW its a company with around 50 employees
They also said we would have access to discount pricing and institutional share class mutual funds due to the size of our plan.
Any input on this change?
FWIW its a company with around 50 employees
2
Posted on 10/22/15 at 5:38 pm to saderade
Brokerage sold plans typically have higher fees and brokers don't want to accept fiduciary resp. The new regs would require them to. Many will get out of the 401k business if it takes effect.
Posted on 10/22/15 at 8:41 pm to 1609tiger
Not necessarily true but I know what you're saying bc this is the DOL's argument.
The big thing is the client doesn't really want to give a fiduciary responsibility to someone else, when they do they're going to lose control of the decision making.
The small investor is going to be the one who loses on this battle.
The big thing is the client doesn't really want to give a fiduciary responsibility to someone else, when they do they're going to lose control of the decision making.
The small investor is going to be the one who loses on this battle.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News