Despite the economic uncertainty caused by the pandemic—or possibly because of it—US retirement account balances rose to record levels during the fourth quarter of 2020, as reported by Fidelity Investments. The firm said individual contributions to individual retirement accounts (IRA), as well as 401(k) and 403(b) retirement accounts remained strong during the last three months of the year.
Most advisors wait for the rollover to manage clients’ largest asset. Absolute Capital CEO Brenden Gebben explains how his firm’s front-door authorization model allows advisors to access and manage held-away 401(k) accounts while clients remain employed—without credential sharing. As custodians crack down and regulators tighten oversight, the distinction between authorized access and workarounds has never mattered more for building scalable, compliant practices.
"SMArtX is kicking off the new year with new products available on the manager marketplace. These help to expand our offerings and provide advisors with a comprehensive and diverse marketplace to meet their specific needs."