401(k) Litigation. Apologies for the awkward phrasing, but answering that blunt question is the reason for our existence.
The size and scope of the baby boomer retirement wave is old news; regulation is an ongoing and evergreen thorn in the side of RIAs and retirement plan advisors. So what’s new?
Tibble v. Edison, Lockheed Martin, R.J. Reynolds …it’s only the beginning. Tort lawyers have exhausted big tobacco and asbestos and are looking for a new target. Retirement, of all things, is squarely in their sites—and that means 401(k) plan sponsors, trustees and advisors.
“You can’t be a little in or a little out,” the proprietor of a top RIA firm recently told me. “You need to have a dedicated retirement plan advisor at your firm if you’re planning to handle that business.”
“Handling that business” is really the rub, because he immediately went on to say how good a business it is, and the opportunity is only getting better.
Confusion over litigation combined with an incredible, almost unending, opportunity for those who figure it out—that’s why we’re here.
The new 401(k) Specialist website, magazine and e-newsletters specifically focus on addressing the increasingly complex, yet rewarding, 401(k) marketplace through comprehensive news, tools and research.
Whether the topic is fiduciary, rollovers, client acquisition, practice management, investments or a host of other issues that arise on an almost daily basis, 401(k) Specialist is the definitive source for retirement plan advisors, regardless of age, experience or asset size.
I encourage you to sign up for your 401(k) Fix e-newsletter as well as 401(k) Specialist magazine, which are free for qualified retirement plan advisors.
See Also:
- Ten Litigation Lessons for 401(k) Fiduciaries
- Why the Resurgence in Fee-Focused 401(k) Litigation?
- Understanding the causes of 401(k) litigation and how to avoid a lawsuit
- Will Your Target-Date Fund Trigger a Fiduciary Lawsuit?
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
