This October, an estimated 27 million borrowers will resume repayments on their student loans after a three-year payment pause. According to The Wall Street Journal, typical loan payments will be.
Managed Accounts Are Particularly Beneficial for Near-Retirees
With costs coming down and digital and robo-advice technology getting participants to share more personalized information, sources say managed accounts are poised to be adopted by more plan sponsors.
Reported by
Experts now view two problems that have historically hurt managed accounts high costs and participants’ failure to input data to personalize them as issues that are potentially in the rearview mirror.
They say most managed accounts now cost only 40 basis points (bps) more than target-date funds (TDFs), and that by combining digital tools with robo advisers and access to human advisers, they are starting to see many participants invested in managed accounts become more engaged. In fact, many see a time when some plans might use managed accounts as the qualified default investment alternative (QDIA), particularly for those 50 or older.
Managing Personnel During the Pandemic WealthHarbor Capital Group’s Brandon Grandbouche and CBIZ Retirement Plan Services’ Stan Milovancev discuss how their firms are handling hiring and managing staff amid COVID-19’s disruptions.
When I ask retirement plan advisors which of their business assets they value most highly, many point to their staff, particularly those in the client-facing roles. But how do you hire and manage staff effectively during the pandemic’s disruptions? Two plan consultants, representing different ends of the size spectrum, recently shared their insights with
WealthManagement.com
Brandon Grandbouche is the managing partner of WealthHarbor Capital Group, LLC in Metairie, Louisiana. The company has eight employees, five of whom work in plan consulting, plus relationships with several independent contractors. Grandbouche says the firm focuses on “bringing the level of services available to the $100 million-plan market down to the small-plan ma