RESEARCH |
2016
PLANADVISER Retirement Plan Adviser Survey
Advisers assess investment managers and recordkeepers
Reported by PLANADVISER
| Art by David Jien
Providers
Bank of America Merrill Lynch
| Qualified plan adviser votes | 74 |
| Overall perception among plan advisers | |||
|---|---|---|---|
| Very favorable | 19% | ||
| Somewhat favorable | 33% | ||
| Not favorable | 43% | ||
| No opinion | 5% | ||
| Plan adviser experience with provider | |||
|---|---|---|---|
| Worked with many times | 17% | ||
| Worked with a few times | 23% | ||
| Worked with once | 12% | ||
| Never worked with | 49% | ||
| Top 10 service categories | |||
|---|---|---|---|
| 1 Overall service to midsize plans | 12 votes | ||
| 2 Overall service to small plans | 10 votes | ||
| 3 Overall service to large plans | 9 votes | ||
| 3 Overall service to mega plans | 9 votes | ||
| 5 Plan sponsor support | 8 votes | ||
| 6 Reputation | 7 votes | ||
| 7 Adviser sales/marketing support | 6 votes | ||
| 7 Adviser support post-sale | 6 votes | ||
| 9 Fee structure for advisers | 5 votes | ||
| 10 Supporting materials | 4 votes | ||