Why You Should Consider Using an Investment Manager Instead of a Financial Advisor
Generally speaking, there are two types of investment service providers in the retirement plan space, financial advisors and investment managers. At a surface level there are a few differences between the two. First, ERISA only defines the term investment manager.1 To be an investment manager, a provider must satisfy three requirements: Have independent power to make decisions about all plan assets Be a registered […]
The Danger of One Size Fits All Investment Solutions
Choosing a Retirement Investor When picking an investment advisor, many plan administrators (e.g. employers) ask about firms’ fees, available funds, and participant outreach, but they often miss another important factor: the investment selection process. Even though investment advisors commonly charge a fee based on assets under management, many do not actively manage the assets. Instead, […]
5 Financial Goals to Reach Before Age 40
Financial Goals for Your 20s and 30s 1. Create and stick to a budget. It’s hard to save if you have no idea where your money is going and how much you are able to contribute to retirement funds. Create and stick to a budget that allows you to cover necessary expenses while saving for […]