Since the 1st of the year I have been fortunate to interview some of the most prominent people in the Retirement Plan Space–from leading ERISA attorneys and advisors to conference producers, speakers and product suppliers.
There is recurring theme…the industry is changing…becoming more regulated and more specialized. Plan sponsors are demanding more from their advisors, and are doing more due diligence–which directly affects the group handling their retirement plan.
In the near future, the dabbler in the 401k and 403b space will be extinct. Consolidation, changing fiduciary roles, liability for plans, and competition by advisors sharpening their credentials will define the marketplace. Advisors are improving their marketing with more products, providing self-background checks, supplying copies of their corporate insurance policies to show their stability and prove that they can handle the corporate plan better than the competition. Leading advisors are hosting radio shows on Big Media USA and producing value content as they interview key people in the Retirement Plan Space.
This Blog will share information that has come from the interviews of industry leaders ….please stay tuned for more!!
Tags: Big Media USA, Changes to Financial Industry, Retirement Plans
Tony DeMaio is Chairman of the Board of Directors and Chief Executive Officer of Big Media Broadcasting Company, Inc (BMBC), an Internet Broadcasting Company that produces original audio/video content for online distribution. Since launching in March of 2006, Big Media USA has helped thousands of business owners harness the power of Internet Broadcasting to increase their exposure, build credibility with current and prospective customers, and reach a targeted audience online.