401(k) Real Talk Episode 201: July 15, 2026<\/a><\/p>\nNEXT STORY<\/p>\n
Simon Hoyle, a financial advisor recruiter, notes that the looming advisor crisis may be overstated claiming that most have not leveraged tech, especially AI, to its fullest with lots of room for productivity boosts.<\/p>\n
The issue came to light in a McKinsey report relying on Cerulli data with 40% of financial advisors and 50% of CFPs 50 years or older. 110,000 of the almost 300,000 advisors are expected to retire by 2034.<\/p>\n
But Hoyle claims that advisors retire later than the average worker which skews the numbers.<\/p>\n
Regardless, younger workers are not attracted to a commission only sales job with most coming through wirehouses and insurance companies. There may, however, be opportunities for these younger workers to become financial coaches for DC participants who could evolve into an advisor role as the convergence of wealth and retirement heats up.<\/p>\n
FINALLY<\/p>\n
Predicting which products and services will become mainstream in defined contribution plans is a tricky and at times life and death exercise. After over five years, it\u2019s fair to ask the same question about Pooled Employer Plans which now include an estimated $30-$40bn.<\/p>\n
Read my WealthManagement.com\/RPA column about whether PEPs are a fad, niche or mainstream service.<\/p>\n
FINISH<\/p>\n
So those were the most important stories from the past week. I listed a few others I thought were worth reading covering:<\/p>\n
The father of the 401 (k) starts a new retirement plan<\/p>\n
Major TPA aggregator launches advisor portal<\/p>\n
Which record keepers leverage advisors and TPAs AND<\/p>\n
Congress targeting mega IRAs<\/p>\n
Please let me know if I missed anything or if you would like to comment. Otherwise I look forward to speaking to you next week on 401k Real Talk.<\/p>\n","protected":false},"excerpt":{"rendered":"Welcome to this week\u2019s edition of 401(k) Real Talk, where Fred Barstein, contributing editor for Wealth Management\u2019s RPA…\n","protected":false},"author":2,"featured_media":680520,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-728431","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/728431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=728431"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/728431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/680520"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=728431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=728431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=728431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}