B-Ds expand small 401(k) offering: Large firms giving more advisers a way to provide fiduciary services.

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    • Subject Terms:
      UBS Wealth Management Americas (Company) ; RAYMOND James & Associates Inc. ; LPL Financial Corp.
    • Abstract:
      The article reports on the expansion of the ways in which advisor forces of brokerage firms such as UBS Wealth Management Americas, Raymond James, and LPL Financial, can offer fiduciary investment services to employers sponsoring 401(k) plans. Topics include the launch of a product called Retirement Plan Manager by UBS that places the fiduciary responsibility for investment management with the home office rather than the adviser and the plan of LPL to cut the fee on its product in half.