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CFO Magazine quotes Blue Prairie Group Managing Director Matt Gnabasik in their May issue.

 

The topic? The growing rebellion against long-opaque cost structures in the 401(k) marketplace.

 

Read about how this growing rebellion is helping plan sponsors drive down costs:

 

Drawing a Bead on Cost

 

By Randy Myers

CFO Magazine

May 08, 2006

A small but growing band of employers is fueling a rebellion against long-opaque cost structures in the 401(k) plan market. Working with pension consultants to ferret out esoteric expenses, these plan sponsors are dissecting fee arrangements. Where the assets at stake are big enough to provide negotiating leverage, the sponsors are squeezing vendors for more-attractive deals...

Gnabasik says his clients' plans - with assets typically between $20 million and $500 million — are saving hundreds of thousands, even millions of dollars, over five-years through portfolio redesign and revenue-recapture programs...

Full Article

 

article:

A New View of Asset Allocation

Don’t be confused by slick presentations and fancy pie charts.  Be sure your advisor goes beyond the simplistic, traditional approach to asset allocation that assumes a static environment. By employing a more thoughtful, comprehensive approach which purposefully contemplates changing conditions, clients and fiduciaries keep costs low and increase the stability of the portfolio through various market environments.

By Gary M. Silverman, CFA

Chief Investment Officer

Blue Prairie Group

 

Full Article

 

Top 100 Advisors

The cover story in the April 24th edition of Barron's caught our attention for its shameless promotion of the Wall Street agenda.

The article "Top 100 Advisors" featured a survey of advisors, compiled by consultant R.J. Shook, who all had several things in common: large books of business and a propensity to use the latest and greatest Wall Street investment products. 

We wrote a letter to Barron's to express our concern. The letter, published in Barron’s May 8th issue is reproduced in its entirety at the link below.

Full Letter

 

Additional Articles:

Collective Funds Offer Retirement Plan Alternative

Average Investor Does Not Understand Importance of Mutual Fund Fees

Sprucing Up the 401(k)

Getting a Grip on Fiduciary Responsibilities

Lawsuits Targeting 401(k) Fees Have Yet to Emerge

Filter Out the "Noise" When Evaluating Investment Strategies

Multiple Advice Channels Reach Different Types of Investors

New Survey Reveals Women Want to Invest On Their Terms

DOL Fiduciary Opinion Should Help Protect Employees

The 2006 Retirement Confidence Survey

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