403(b) Market Snapshot: Boutique and Specialist Advisors Dominate
December 16, 2015 by Cyril Tuohy
Boutique defined contribution consultants and 403(b)-focused advisors are the “primary centers of influence” in winning new business in the trillion-dollar 403(b) market, according to a new report by Cerulli Associates.
The 403(b) market is only available to 501(c) (3) or nonprofit organizations. Organizations in that market include higher education institutions, health care, the K-12 school districts, charitable organizations and churches.
“Much like the 401(k) industry, the 403(b) market is gravitating toward professionals who offer specialization and expertise,” Cerulli said in a report titled Retirement Markets 2015: Growth Opportunities in Maturing Markets,” published earlier this year. Click HERE to view article
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