Stace Hilbrant, managing director of 401k Advisors LLC in Wilmette, Illinois, takes pride in his business’s face-to-face client service model. Hilbrant’s firm was one of the original founding firms of 401k Advisors USA, which was later renamed National Retirement Partners before being acquired by LPL Financial in 2010. In 2003, he incorporated in suburban Chicago as 401k Advisors LLC and sold his first 401(k) plan advisory services to D.A. Stuart Company, which makes products for the aluminum manufacturing industry. “I have that first check stapled to my wall,” he says.
Graystone Consulting–Danvers, Massachusetts, takes a holistic approach to advising retirement plan clients. This involves a combination of plan management, investment management and participant services, says Matthew McLaughlin, senior institutional consultant and financial adviser at the Danvers office of Graystone Consulting, a business of Morgan Stanley Smith Barney LLC. “All three of those levers have to work together to have an optimum plan, optimum outcomes,” he says.
In the eighth annual PLANSPONSOR search for Adviser of the Year, these finalists were selected by an expert panel of judges in recognition of their contributions in helping make retirement security a reality for workers across the nation.
Tony Ciocca, Greg Cimmino, Michael Kozemchak, Barry Stoey, Paul Stephens Bloomfield Hills, Michigan In 2003, Michael Kozemchak formed Institutional Investment Consulting (IIC) to capitalize on and address the market needs...
In the ever-changing retirement plan industry, who supports you, the plan sponsor, when you have to make the tough decisions about plan investments, plan design, regulatory changes and other...
Fifty-nine percent of the first Baby Boomers to turn 65 are at least partially retired.
Employer to pay for failing to monitor RK costs
Retirees most concerned about inflation
PBGC's Gotbaum recommends traditional pension offerings
Plan sponsors not sold on benefits of bundling with one vendor
BP stock drop suit dismissed
DB sponsors can learn about de-risking from others
According to a recent survey from the Consumer Federation of the Southeast, one-third of Baby Boomers are open to moving across state lines to gain the lifestyle they want when they retire. So NewsDash readers were asked: “Are you planning to relocate in retirement? If yes, what is the main reason for doing so?”
Each month, Bells & Whistles highlights recent product introductions that plan sponsors may find of interest. More information about these announcements can be found on www.plansponsor.com. If you have a product announcement that you believe would be of interest to our readers, drop us a line at firstname.lastname@example.org.
2012 Asset-Allocation Fund Buyer’s Guide
Five factors to consider when evaluating whether a target-date fund family still works for your plan
Global investing asks plan sponsors to overcome home-country bias
LDI Strategies can be useful to help in freezing and terminating DB plans
Milgram v. The Orthopedic Associates Defined Contribution Pension Plan, et al. 10-18620-cv
Why current plan design models are a failure
DOL speaks about fiduciary definition re-proposal
The graying of the American work force
Employer mandate, waiting period and auto-enrollment issue
Picking the right financial adviser
While some participants enjoy and are capable of managing their retirement plan investments, most people lack the time, expertise and discipline to do so. Participants have always been interested in obtaining help with what can be a complex set of decisions and, increasingly, that guidance is found in the form of a financial adviser, either one hired by your plan or perhaps one that you have encountered on your own. Here are five things you should ask an adviser who wants to earn your business (and trust):
Best practices in benchmarking 403(b) plans
Some quotes, survey statistics and musings to use in employee communications, or just as a break in the grind.