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Target Date Funds: Statistics That Matter
Paladin Research & Registry Link to more items from this source
July 15, 2014

"Total dollars in TDFs today: $800 billion ... [This] train is speeding down a rickety track.... For example, 60% of TDF assets have been entrusted to just 3 firms -- T. Rowe Price, Vanguard and Fidelity -- so they control the industry. On an AUM (Assets Under Management) basis, the Big 3 manage $160 billion each on average, versus $5.5 billion for their 57 competitors, so they're 30 times bigger. These are fine firms, but the problem is that fiduciaries are not vetting their selection, opting instead to select their bundled service provider out of convenience and familiarity."

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