Retirement Plans - RIA Question
Jul 12, 2010 1:29 am
Can RIA reps administor retirement plans such as 401ks?
Jul 12, 2010 1:19 pm
But they can't collect commissions on them.
Jul 12, 2010 1:20 pm
NOTE: that's assuming the IAR is not dually-registered is a RegRep.
Jul 12, 2010 9:01 pm
Thanks.
Jul 13, 2010 4:31 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.
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