Anne Tergesen
speaker
4,485 appearances
83 recordings
1 series
first heard Jul 2017
last heard Feb 2025
Anne Tergesen’s voice in public audio — every appearance, attributed to the second.
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It's about 25 basis points after fees.
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So that sort of shows that the managed accounts can add value.
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However, fees on target date funds have come down significantly since 2017.
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So it's unclear whether, you know, the performance edge still exists for managed accounts.
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Oh, sure.
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You can always switch, you know.
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And then there's other things on 401k menus, too.
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They're often single stock funds, maybe value stocks or growth stocks or index funds.
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And you can always get out of the target date fund and switch over to these other investments.
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The managed account is the same.
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Well, yeah, you don't do that.
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You're basically hiring them.
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They're sort of like a financial advisor.
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So when you go to a financial advisor, you're basically handing them your portfolio and they're going to manage it for you.
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They're going to make the decisions about what to invest in and what's an appropriate portfolio for you.
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And you're hiring a professional to do that.
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The managed account is trying to function like that investment advisor would.
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They're going to manage your account and they're trying to do it for a much reduced fee.
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It's an interesting thing because with target date funds, especially if you're automatically enrolled, a lot of people really do take a set it and forget it type of approach.
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They kind of check out.
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Showing 781–800 of 4,485 · page 40 of 225
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