Our Managing Director, Joe McQuaid, was recently interviewed by Financial Planning about how advisors should think about vendor commitment in the rapidly evolving tech landscape. Long-term vendor commitments are becoming less common as firms seek shorter contracts to stay agile with advancing technologies like AI and machine learning. Joe agrees with other industry experts that advisors should stick to contracts of two years or less to avoid being locked into outdated technology or unexpected vendor changes. Despite this, some core technology relationships may still benefit from longer terms due to complex integrations, as noted by industry leaders.
Why David Montgomery Says Managed 401(k)s Can Help Investors Stay the Course
By Donna Fuscaldo Managed 401(k) accounts are an option in an increasing number of company plans, but are they worth the additional fees vs. target-date
