The alphabet soup of individual retirement account plans can make clients’ heads spin. Advisors can help match them to the right account to suit their needs.
FAs should not operate in this space if they — or a third-party fiduciary — do not have a deep understanding of private markets, says this retirement advisor.
For clients, the benefits include a clearer explanation of what they are paying for; for advisors, the benefits include a stable source of revenues, according to industry executives.