Fred Barstein, contributing editor to WealthManagement.com’s RPA Edge, invites retirement industry thought leaders to answer three probing questions on critical issues, providing an open, honest and candid dialogue.
This week, we host Kevin Collins, head of Retirement Plan Services at T. Rowe Price, asking:
- T. Rowe Price is well-known as a mid- and large-market record-keeper but less know in the smaller/RPA sold markets. What are your current initiatives and how do you compete vs. the Fab Five?
- Do record-keepers need to own the front end and back end of their systems? If not, why not?
- Does T. Rowe support efforts of RPAs to provide wealth management services to participants? If so, what are the specific initiatives? Doesn’t T. Rowe also market directly to investors?