Lisa Shidler

Sounds like Edelman want his cake. The listeners will decide what they want to eat.

Turn of the mikes…

have listened to the new show on koa out of denver. for some reason they are not running ric's new show anywhere in the market, as to show conten;  wow,it is slow paced and BORING. it's like reading articles on aarp.com, if u catch my drift.

The new "Everyday Wealth"  radio show is like "Investing 101" or "Personal Finance 101".  It is really, really  basic and not very interesting for me.  Ric's old show was informative and entertaining and ran for 30 years.

Edelman Financial Engines replaces 'The Ric Edelman Show' with two 'retirement'-related shows -- including one hosted and owned by Ric Edelman, yet neither (curiously) will refer prospects

Edelman Financial

Ric Edelman

The days when RIAs were the outsiders at the 401(k) party are fast coming to a close. What's new is that the mass of 401(k) assets 
is getting critical at about $3 trillion; fiduciary advisors are getting appreciated; fat fees and questionable kickbacks are getting exposed and stepping out of line is getting dicier as the Department of Labor tightens the regulatory screws.

The old reasons why the 401(k) business is attractive are still in place: there are fresh assets pouring in every month and when employees leave jobs or retire, they produce rollovers that build up IRA accounts for financial advisors. The drawbacks of getting into the 401(k) business are still in place, too. Dealing with retirement assets is really a second line of business and it remains -- unless you overcharge with hidden fees -- a low margin business with high potential fiduciary liabilities.

Still, the outsourcers, infrastructure and accumulated knowledge for RIAs to capitalize on is growing daily and a the mega-shift of assets away from brokers is making the 401(k) business riskier and riskier -- to ignore.

401(k) Stories

The Mountain View, Calif., manager of $260 billion of AUM is splitting a two-hour slot in 25 markets between its namesake's new show and  two ringers -- Jean Chatzky and Soledad O'Brien

Edelman Financial Engines replaces 'The Ric Edelman Show' with two 'retirement'-related shows -- including one hosted and owned by Ric Edelman, yet neither (curiously) will refer prospects

Jeff Spears

alex

John S Sweda

Related Moves

July 11, 2023 at 2:46 AM

July 11, 2019 at 4:26 AM

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