About 80 percent say they arent sure whether their advisor was acting in a fiduciary capacity a big red flag for administrators, who may otherwise find themselves on the hook for something they thought their advisors would be liable for.
FeeX, launched this spring, "uncovers advisory, investment and expense ratio fees and suggests alternative ways to save and reduce the cost of retirement."
Workers who kept socking it away in good times and bad saw their average balances grow at a compound rate of 6.8 percent annually during the five years of the economic crisis.
More than 40 percent of financial advisers expect the sale of their businesses will account for up to 50 percent of their retirement assets. But that could be just wishful thinking.
The findings of American United Life's latest survey underscore that consumers need to have a plan for how to withdraw retirement assets and maintain an income throughout their life.
Its study evaluates brokers using placement strike price results that reflect the moment when the broker first received instructions from the buy-side trader.