Anyone who’s had a Vanguard 401(k) account since the 2008 financial meltdown, stayed the course and continued to contribute to their account through last year saw their balances rise by 182 percent. Pretty good, right? Better yet, pretty much the same can be said for a lot of 401(k) accountholders, whether Vanguard, Fidelity and so on.
“The effects of the market decline on retirement savings are now firmly in the past,” Jean Young, of Vanguard’s Center for Retirement Research, said.
Based in San Francisco, The Advisory Group is a fee-only firm with assets approaching $1 billion. The firm has been custom-designing mid-sized 401(k) plans for over two decades. Patterson broke into the industry in 1994, working as a consultant with Callan Associates before joining The Advisory Group.
Founded in July of 2010, Austin, Texas-based Maresh Yoshida has $1.4 billion in assets under advisory, all of which are in 401(k) plans. Yoshida is quick to point out that the firm has never lost a client, and has added eight new relationships in the past two years. The 401(k) Wire selected Yoshida as a Top 10 DC advisor for the large-market segment, and a top 50 advisor in 2012.
Taylor took her Stanford engineering degree right into investment banking. She founded her Del Mar, California-based boutique advisory group in 1994. She’s been recognized by San Diego Magazine as a top five wealth manager for the past 10 years running. Her firm overseas close to a half-billion in assets, 10 percent of which are in 401(k) plans.
Morrison co-founded the firm in 1991. Headquartered in Hunt Valley, Maryland, the firm, which manages only institutional money, deploys 14 consultants in its seven offices, and does most of its business east of the Mississippi. All told, the firm has $8 billion under management, $2 billion of which is in defined contribution plans. Average plan assets are $100 million.
Morris just joined North Andover, Massachusetts-based NEINV. He has 14 years of experience designing plans, and has been a part of consultant teams at Fidelity and TD Ameritrade. NEINV was founded in 1995, and consults on $600 million in assets, about 15 percent of which is in 401(k) plans.