A Plan Advisor Should Be Careful About Their TPA Referrals.

They need to.

There was a time when a 401(k) financial advisor could get 75 to 100 basis point working on a plan, those were the days of wine and roses. Now an advisor charging 25 basis points on a large plan is considered expensive. These are the pitfalls of a transparent marketplace focusing on increased fiduciary oversight and narrowing margins. This article is all about giving ideas to advisors on how they can better market themselves in an increasingly more competitive marketplace....