Here are five suggested articles to read this weekend:
1. Will Small Employers Adopt 401k Multiple Employer Plans? – President Trump’s “Executive Order (EO) on Strengthening Retirement Security in America” could be a game changer for the retirement prospects of workers at small businesses. (401kspecialistmag.com)
2. Unregistered South Carolina adviser get 6 years in prison for fraud – Melvin Wimmer was also ordered to pay more than $3 million in restitution to clients. (investmentnews.com)
3. Transitioning Part-Time Into Financial Planning As A Career Changer – Notwithstanding all the the talk in recent years about the challenges facing the financial planning industry, from including rising competition to “robo” fee compression, the financial advisor career path remains quite appealing. Not only can advisors make meaningful, life-changing impacts on their clients’ lives, but with experienced advisors making 2-3X or more than the median household income in the US, it’s also a potentially lucrative career choice as well. (Nerd’s Eye View | Kitces.com)
4. 401k Auto-Enrollment Statistics Reflect Success – 401k auto-enrollment statistics tell a story. After a recent Plan Sponsor University (TPSU) Fiduciary Education Program at University of Memphis Mr. Fred Barstein, Founder and CEO of TPSU interviewed Mr. Walter Grant, Adjunct Lecturer of TPSU. One of the topics discussed were the positive results demonstrated in 401k auto-enrollment statistics. (401ktv.com)
5. When Must a Fiduciary Say “No” to No-Fee Funds? – Fidelity recently debuted two “no fee” mutual funds – a domestic and an international index fund. This concept raises significant fiduciary questions. Beyond the fact they have no investment performance history, the very concept of the business model has no history. No mutual fund has ever been offered that has been fully subsidized by the management company. (fiduciarynews.com)
