Exchange traded funds (ETFs) still are not easily accessible in 401(k) plans, but there are firms out there trying to integrate them. Recently, CLS Investment Firm announced it will collaborate with a retirement plan administrator, custodian and a record-keeping firm to form a partnership and solve the problems associated with ETFs in 401(k) plans, according to Jesse Emspak for Investor’s Business Daily.
They are not disclosing the strategy or how the record-keeping will be handled. This is understandable as ETFs have yet to be implemented effectively in retirement plans.
Will this partnership be able to create a record-keeping system that can provide those services yet retain the flexibility for plan participants to freely buy and sell ETFs within their accounts?
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.