Todd Scorzafava
401k Fiduciary Can Of Worms: Managed, Self-Directed, And TDFs! Oh, My!
But that idea contained a flaw. In the early years, limited choices made it easy for employees. The proliferation of the number of options in later years, however, exposed the lack of sophistication within the employee cohort. That can lead to bad decision-making. Alternative solutions were needed.
Here’s Why A Good Fiduciary Is Not Always 100% Invested In Equities
While some may consider this heresy, the best option for a fiduciary managing a portfolio is to include a consistent percentage of assets outside the equity markets and in assets that preserve capital.
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