Insights | 06.19.20
What Retirement Investors Need Right Now: Cerulli
According to a report from Cerulli, advisors are finding it helpful to balance communications, behavioral finance, and technology when helping clients with retirement planning. The report says over 50 percent of active 401(k) participants preferred to do their own investment research. Twenty-eight percent said they preferred making the final investment decision on their own. However, 24 percent said they would like to make financial decisions with assurance from a financial professional. The report authors said, “Incorporating the expertise of a financial professional — whether through a pre-packaged or customized solution — can be a key first step for participants to combat the impact of potentially harmful human biases and improve financial outcomes for defined contribution plan participants."
Read the full article on Think Advisor.