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Waving the flag of 'capital formation,' SEC promises to let the genie out of the bottle, allowing private funds in 401(k) plans; DOL silent

Right now, SEC limits which advisors can sell alts and who can legally buy them, blocking any realistic chance of putting $4-trillion 401(k) cache in Wall Street crosshairs

Author By Lisa Shidler July 3, 2019 at 11:15 PM
no description available
Marcia Wagner: I do not anticipate a rush by plan sponsors to modify their investment platform.

RIA Compliance

Jeff Spears

Jeff Spears

July 4, 2019 — 1:17 PM
Unfortunately it is easier for regulators and RIAs to say “no”. A further examination could prove that our “no” are enriching ETF providers and DFA and missing good opportunities provided by other firms. Endowment managers have known this for years.
Jamie McLaughlin

Jamie McLaughlin

July 4, 2019 — 3:17 PM
Another example of the "capture theory" at work as the SEC does the bidding of the asset management industry, a manufacturing and distribution complex. What the public at-large needs, most particularly 401(k) investors, is impartial advice. Plan sponsors beware!
brooke southall

brooke southall

July 4, 2019 — 9:13 PM
Jeff and Jamie, If I were on the Harvard debate team, these are the exact summations of the two sides I'd give. 1.) Good in theory for sure. 2.) Buyer be extra wary. Thanks, Brooke

Mentioned in this article:

Pension Resource Institute, LLC
Compliance Expert
Top Executive: Jason C. Roberts

Retirement Law Group, PC

Top Executive: Jason C. Roberts

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