Financial advisors working with defined contribution plans may not be providingthe services that plan sponsors want.
According to a new study from Wells Fargo Asset Management, there is often adisconnect between what plan sponsors want and what advisors areconfident about providing.
For example, 70% of advisors surveyed found that followingthrough on regulatory and compliance issues is among the mostchallenging issues they face – which isn’t surprising given the newLabor Department fiduciary rule – but this focus is a priority forplan sponsors.
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