The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The 401k Industry Takes Nashville Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 16, 2018

The 401k Industry Takes Nashville

Reported by Neil Anderson, Managing Editor

Nashville is the place to be this week if you're in, or interesting in getting into, the advisor-sold side of the 401(k) business.

More than 2,200 defined contribution industry insiders, including more than 1,100 FAs, have converged on Music City for the 2018 NAPA 401(k) Summit. The three-day conference, which started yesterday afternoon and will wrap up at lunchtime tomorrow, has grown to be the biggest conference in the entire 401(k) industry. Our sister publication 401kWire is onsite, covering the conference.

The giant event has a distinctly FA flavor to it. Think Schwab Impact, TD LINC, Pershing INSITE, or the Morningstar Investment Conference, not the ICI GMM. There are big parties (with live country music — this is Nashville, after all), offsite vendor dinners, practice management breakout sessions, and keynote speeches from experts on millennials and cybersecurity. Yet unlike many of the giant retail FA conference, the NAPA 401(k) Summit is run by a non-profit industry trade group (the National Association of Plan Advisors, NAPA, led by executive director Brian Graff), and not by an industry vendor. That may make the summit more neutral ground for different vendors to attend and support.

Fundsters and retail FAs will recognize many of the exhibiting companies — brand name fund firms, big broker-dealers, insurance companies, etc. — but perhaps not the faces at the booths, which are packed with executives from the DC I-O or recordkeeping or retirement plan home office sides of these firms. And the FAs, too, are just a bit different from their wealth management-focused brethren.

The big questions looming over the NAPA 401(k) Summit are the same ones looming over the wealth management world: is the DoL rule (i.e. the fiduciary reg) really dead, and if so, what's next? The answers, so far, seem to be a resounding "Stay tuned!" followed by urgings to "Stay the course" with fiduciary-friendly adaptations. The post-fiduciary reg world, it seems, is not quite here. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use