Retirement savings plan sponsors are increasingly turning to financial advisers for help managing their 401(k) and 403(b) plans. While it may be less profitable than traditional wealth management, advisers say the relationship can create other opportunities, such as being asked to handle plan rollovers. However, the article cautions advisers to be familiar with the obligations that come with retirement plan administration, such as the fiduciary duties of the companies offering them.

Related Summaries