Managed accounts look attractive to 401(k) advisers, but how do you measure performance?
For 401(k) advisers, managed accounts are a hard nut to crack.
On the one hand, many advisers believe managed accounts will compete with target date funds as the most popular type of default investment option in 401(k) plans as soon as they become a bit more cost-competitive. After all, the prospect of an asset allocation tailored to individual plan participants sounds enticing.
But benchmarking is an area that could present a snag for advisers.
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