Amid volatility and uncertainty, retirement plan advisors are looking to help plan sponsors build more resilient portfolios. According to BlackRock's 2024 Read on Retirement: Advisor Outlook, advisors are focused on implementing active and income strategies, and streamlining their practice management, including incorporating AI-powered tools.
"In these uncertain market conditions, retirement plan advisors are looking for solutions that will help more Americans achieve better retirement outcomes," said Carrie Schroen, Head of BlackRock's U.S. Defined Contribution Intermediary Business. "Our research demonstrates the importance of access to affordable solutions and education, areas that are vital to providers and participants alike."
The BlackRock survey provides insights from a study of over 450 large defined contribution plan sponsors, 300 retirement plan advisors, 1,300 workplace retirement plan savers, 1,300 independent savers and 300 retired workplace savers in the U.S.
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