Relatively few RIAs service 401(k)s and other employer-sponsored retirement plans even though the market beckons as a huge growth opportunity, according to a new study.
A recent TD Ameritrade Institutional Advisor Survey found that advisors want a deeper understanding of the rules and more guidance in pulling together components they need to service the U.S. retirement plan market.
The survey underscored that RIAs have business-owning clients and that they have the expertise to service them, TD Ameritrade said.
Still, half of the advisors said they would like to develop a firmer understanding in the areas of retirement plan compliance and regulation. More than half wanted more education about the retirement market.
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