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Financial Times Announces Top 401 Retirement Plan Advisers of 2018


NEW YORK, NY, September 27, 2018 -- Today, the FT publishes the fourth annual edition of the Financial Times 401 Top Retirement Plan Advisers. The ranking of top advisers to 401k plans and other defined contribution (DC) retirement programs was developed in collaboration with Ignites Research, an FT subsidiary that provides business intelligence on the investment management industry.

The list represents an elite group of professionals, with the average FT 401 adviser managing $1.3 billion in DC plan assets, up 26 per cent from last year, and having 20 years' experience with DC plans. The average number of DC plan clients per FT 401 adviser rose from 65 to 77.

Even though the US Department of Labor's "fiduciary rule," aimed at raising the bar for advice to retirement plans, was killed by a US Circuit Court ruling in March, plans and plan advisers have continued to focus on reducing costs. Among the FT 401, passive funds have risen from 27 per cent of DC plan assets in 2017 to 33 per cent this year. And FT 401 advisers cited reducing costs as their top challenge in 2018; this replaced regulation, which was 2017's top challenge.

"Although regulation has taken a step back, market forces are still pressuring employers to reduce costs in retirement plans. The growth in clients and assets among the FT 401 shows that specialist plan advisers are more in demand than ever," said Loren Fox, Director of Ignites Research and head of the FT 401 ranking.

Top advisers hail from 38 states across the country, including Washington D.C. The largest number of advisers reside in California (45) followed by Texas (28), and New York and Massachusetts (tied at 27).

The full report is available for viewing at this link: www.ft.com/reports/top-401-advisers

About the Financial Times

The Financial Times is one of the world's leading business news organizations, recognized internationally for its authority, integrity and accuracy. The FT marks 130 years in 2018 with a record paying readership of more than 930,000, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.

About Ignites Research

Ignites Research delivers original research and analysis on the retail mutual fund market from experienced analysts. Its research covers the distribution and product topics that asset managers must understand to improve their business. Ignites Research is the research arm of the popular online newsletter Ignites and is a subsidiary of the Financial Times.


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