News, Vision & Voice for the Advisory Community


10 most influential individuals in the 401(k) industry affecting RIAs in 2012, Part 1

Cataclysmic changes are in store RIAs advising retirement plans -- here's who's building up and advocating for this vital sector

Author Lisa Shidler January 3, 2013 at 4:57 AM
no description available

Lisa Shidler

Lisa Shidler

January 7, 2013 — 3:39 AM

Elmer, We always appreciate your candid and quirky comments. But your hatred of the Alfred brothers has been on display for quite some time on this site.

I certainly don’t expect everyone to agree with this list or even the placement. But some of your statements aren’t accurate. The Alfred brothers U4 has been discussed at length and it did not pertain to a 401(k) client and they were not asked to leave the industry.

I will tell you that I chose them because they’ve made a difference in the 401(k) arena. The way they track 401(k) plans is useful to advisors, employers and employees. It’s certainly not perfect by any means but it’s a big step forward for an industry that for years has relied on hidden fees and commissions.

Feel free to e-mail me directly if you have any other comments. lisa@riabiz.com or lisashidler@gmail.com. Thanks.

Brooke Southall

Brooke Southall

January 7, 2013 — 3:54 AM


I took the comment down. I appreciate your relatively tactful approach this isn’t the place. At some point, about five articles ago, it gets old. I can’t police and counter-police allegations. But that’s not even the point. We are reporters, not Popes, and we don’t hand out blessings. We write about what, in our opinion, is important to readers as members of this industry. We use sources that are knowledgeable and write about companies that are influential. Please refrain from any more of these thinly veiled personal attacks.


Elmer Rich III

Elmer Rich III

January 7, 2013 — 5:08 PM

Ad hominem comments are off topic and logically fallacious. Regardless, of personal matters, the facts are public information. The Alfred’s themselves spoke of being “asked to leave” their firms.

The U-4 event is available to all. The business ethics of members of the industry, especially when put on a list of notables – are important.

We don’t care about personalities – we do care about behavior that crosses the U4 line.

BTW, are “quirky” ideas that challenge the status quo? lol

Eleanor Lamb

Eleanor Lamb

February 4, 2016 — 7:59 AM

Creative suggestions – I was fascinated by the analysis . Does someone know if my company might get a sample AZ SOS Recall Petition form to fill in ?

Related Moves

Mike Alfred scores headhunt coup by hiring brother, Ryan -- and, oh yeah, he raised $6 million

The co-founder and CEO of Digital Assets Data not only got his ace sibling but co-founder Kurt Fenstermacher, ex-Bridgewater, took over as COO changing the trajectory of the startup

April 30, 2019 at 5:25 PM

Seven 'RIA' chief executives are stepping aside for CEO 'operators' as PE backers get 'trigger' happy in adverse market; here are their stories

Whether it's Edelman Financial Engines, SMArtX, Allworth or InvestCloud, the re-CEO-ing process follows a fat 2020 capital raise and thinner results in stormy financial markets.

September 7, 2023 at 9:46 PM

Amid 401(k) headwinds and assets stalled at $170 billion, Randy Long offloads CEO duties 'to fully focus on strategy' -- new blueprint and business model needed, experts say

In the wake of the '90s-era 401(k) bonanza, new CEO John Longley is tapped to devise a 40-year plan to counter boomers, who are rolling over and spending down 401(k) balances.

September 7, 2023 at 2:18 AM

Mentioned in this article:

SageView Advisory Group, LLC
401k Plan Consultant, Advisory Firm
Top Executive: Randy Long

BrightScope, Inc.
Data and ratings for RIAs

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo