The average account balance of retirement savers who report using an advisor was $449,552, almost twice as much as the $234,643 average of non-advised accounts. (Photo: Shutterstock)
There's no shortage of messaging from the retirement industry selling the value proposition of working with a financial advisor.
But does the rank-and-file 401(k) participant really need investment direction outside her employer's plan platform?
Maybe, maybe not. But a look at how savers who utilize self-directed brokerage accounts fare when working with an investment professional may provide fodder for advisors' value proposition.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
