The Hartford is introducing a new practice management program to help financial advisors demonstrate their value in the wake of new federal regulations on the disclosure of fees associated with 401(k) and other defined contribution retirement plans.
"The Practice Management Portfolio is a suite of services and tools to help financial advisors work more proactively with retirement plan sponsors and participants to address a variety of questions and issues related to workplace retirement plans, including those related to plan fees and expenses, and the services they pay for," said Christine Chaia, assistant vice president of marketing for The Hartford's Retirement Plans Group.
"As part of The Hartford's program, we are encouraging advisors to take a comprehensive approach to reviewing the effectiveness of retirement plans with new and prospective clients and, as necessary, recommend ways to improve their performance and efficiency."
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