The country's largest retirement asset managers are re-tooling their product offerings in light of regulators', sponsors', and consumers' heightened fee consciousness, according to new data from Cerulli Associates.
The Boston-based financial services research firm reviewed the 50 largest asset managers' fund offerings by share class and found 470 new institutional class funds and 379 new retirement share funds in 2014, the two share classes that boasted the most new product offerings.
Both share classes are known for their low cost to defined contribution investors.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
