Investment Advisor, December 2009

In his bylined article, Walking the Fiduciary Line on Retirement, Scott Revare discusses the risk that advisors to 401(k) plans face if they also provide advice to plan participants. Increasing regulatory pressures may result in the requirement that retirement plans and their participants have separate advisors, acting as separate fiduciaries. One solution for broker/dealers and advisors who work with plan sponsors is to provide participant advice through the use of remote RIAs. Read the article.

Forbes.com, Nov. 2, 2009

Backing Up the Brokers

Brokers who sell retirement savings plans will soon need to meet stricter fiduciary standards for providing information to plan participants. Scott Revare looks at how registered representatives and their broker/dealers will be able to accomplish this Read more.

Investment News, Sept. 20,2009

Scott Revare was quoted in Sara Hansard’s article Congress to Tackle Rule on Retirement Advice about pending legislation that would require that advice given to 401(k) participants be provided by independent advisors (rather than by brokers affiliated with financial services firms as was proposed by the Bush administration.) According to Revare, many 401(k) plan providers offer a full range of services, including providing fund options, assisting companies in selecting funds in the plan, and participant education. “While in some cases that can be very convenient for the employer, it can also limit their choice,” said Revare. This decision “will force the availability of more choices for different vendors to provide different services within the plan.” Read more.

Village Voice, Sept. 4, 2009

In his article Labor Day Ideas for Broke Stay-at-Homes, reporter Roy Edroso mentions Smart401k's recommendation that it's a perfect time to review 401(k) goals.

Market Watch, Sept. 4, 2009

Smart401(k) says Labor Day is a Perfect Time to Review 401(k) Goals. Read the news release.

Ignites, July 30, 2009

Scott Revare’s article, Why 401(k) Advice Reform May Boost Funds, appeared on this subscription-only, mutual fund industry news service. Revare discusses the pending federal legislation regarding advisory services for 401(k) plan participants and plan sponsors. Research shows that few 401(k) participants really understand how to effectively monitor and manage their plan investments. An advice-focused initiative from the government could really help participants and serve to make them more active participants in their plans. While new legislation might initially make things tougher on mutual fund companies, it could ultimately create circumstances that will increase their asset inflows.

401kwire.com, June 23, 2009

Smart401K is mentioned in An Advice Specialist Reaches Out To Advisors, on this online publication for defined contribution executives. The article announces the hiring of Scott Swezey as a vice president who will focus on advisory firms, broker/dealers and plan providers. According to President Scott Revare, Smart401K is currently working with several defined contribution players, including Gallagher Retirement Services, JP Morgan and SageView Advisory Group.