Retirement Plans - RIA Question

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Jul 11, 2010 9:29 pm

Can RIA reps administor retirement plans such as 401ks?

Jul 12, 2010 9:19 am

But they can't collect commissions on them.

Jul 12, 2010 9:20 am

NOTE: that's assuming the IAR is not dually-registered is a RegRep.

Jul 12, 2010 5:01 pm

Thanks. 

Jul 13, 2010 12:31 pm

Are you really talking administration or are you considering advising?  Administration is usually done by a broker with back-end systems, like Fidelity or Vanguard.  I believe this requires a lot of infrastructure to be compliant and margins are extremely thin.  Advisory work can be done without the overhead on a fee basis that is either fixed or dependent on the AUM.