A mid the equities doldrums and investor gloom, one niche stands out for its growth and its need for advisor assistance--the booming 401(k) market.
While marketing and administering 401(k) plans require more follow-up, more specialized knowledge and more patience than many transactional brokers may be accustomed to, there has never been a better time to go after this fee-based business, says Christopher Barlow, managing director of KnowHow40l(k).com and co-author of "401(k) Sales Champion."
About one-third of all mutual fund assets are now in 401(k) account