News and Updates
Founder and Chairman of PCI Is Looking Out for Participants in Advisor Perspectives
Last Updated: December 15, 2020
PCI Founder and Chairman, Brian Allen, CFP®, continues the conversation about fiduciary committees focusing on what is in the best interest of plan participants. His recent article, “The Threat of Managed Accounts for Plan Advisors,” featured in Advisor Perspectives, highlights the negative impact so-called managed accounts and their fees can have on results for participants. Managed accounts notably have been pitched by plan advisers looking to increase fees and make more money. Ultimately, that can result in participants losing money that could help them retire on time with dignity.
In the article, Allen challenges advisers to evaluate the price vs. the actual benefit managed accounts deliver for plan clients. Allen and PCI believe all plans should have transparent, fiduciary-based, and performance-driven services. That’s how to make the results participants receive top-of-mind and build rewarding retirement.