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Why the Financial Engines/Edelman Deal Could End 401(k) Rollovers
Nerd's Eye View
[Opinion] May 4, 2018
"[R]obo-advisor platforms are recognizing that technology is better as a means to augment human advisors than compete against them.... [R]etirees will increasingly no longer need to find an advisor at retirement, as they'll just continue with the advisor they have had all along with their existing 401(k) plan.... [T]he entire market opportunity for independent financial advisors to grab 401(k) rollovers for unaffiliated consumers that don't have an advisor, may begin to vanish."
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