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Just to clarify, all index funds are managed by Vanguard, and employees who want to choose their own investment allocation are free to do so. However, for the m
by roger_lee 11y ago
Just to clarify, all index funds are managed by Vanguard, and employees who want to choose their own investment allocation are free to do so. However, for the majority of employees that need help with their investing strategy, we use the same investing principles as Wealthfront and Betterment to make sure they're globally diversified and automatically rebalanced. Also, all funds are held in an SIPC-insured secure trust account by one of the nation's largest third party custodians that deals with billions of dollars -- we never touch the money ourselves.
- danvoell 11y agoWhen I signed up for my most recent 401K, there was a really slimy Edward Jones dude pushing some fund they called the "perfect retirement fund for a mid 30 year old" or something to that effect. As soon as I asked about management fees he bumbled around and started talking about the other funds they offered. Its going to be really tough to differentiate yourself as the "best investors". Differentiate yourselves on "best 401K platform" its much lower hanging fruit is all I'm saying. Once people are in the platform use historic performance to help them make the best decisions.