Advisor Shortage Risk Creates New Challenges for 401(k) Plan Sponsors
Michelle Capezza was quoted in a Fiduciary News article discussing how a wave of advisor retirements increases fiduciary risk for 401(k) plan sponsors by requiring greater focus on selecting, evaluating, and monitoring successor advisors.
Michelle says, “Plan fiduciaries should evaluate any successor advisor using their standard RFP protocols, including reviewing credentials, fees, conflicts, and investment approach.
Source