Marking its 10th anniversary in 2021, the PLANADVISER Defined Contribution Investment Only (DCIO) Survey has been chronicling the slow but steady changes remaking this important marketplace. As our panelists will discuss during this hourlong editorial webinar, the evolution has been considerable. For example, the stable-value and insurance-based products that were common many decades ago now make up only 10% of the market, and nearly two-thirds (65%) of assets reside in asset-allocation or equity-based products.
Among other trends, the panel will describe how this transformation was fueled by the explosive growth in access to mutual funds, which captured more than 70% of DC plan assets earlier this decade before falling to 56% in 2020. Attendees will also hear about what the panel expects to come next for DCIO providers, which face consolidation pressures and fee compression similar to many other parts of the investment industry.
Consultant, Fiducient Advisors
Greg services institutional clients by providing counsel and guidance on portfolio design, asset allocation, manager selection, investment policy statements and performance monitoring. He is also a member of the Recordkeeper Oversight Committee. Greg joined Fiduciary Investment Advisors, LLC in 2017, which combined with Fiducient Advisors in 2020. Before joining the firm, Greg worked in both institutional and individual wealth management helping create positive retirement outcomes for plan sponsors and plan participants. He received his BA from the University of Connecticut and is a ChFC (Chartered Financial Consultant).
Principal, Chief Investment Officer, Francis Investment Council
Ed is the Firm’s CIO and serves as an Investment Consultant to institutional retirement plans. As CIO, Ed leads the Firm’s Investment Committee which develops strategic and tactical asset allocation as well as establishes the underwriting criteria for traditional and alternative investment strategies. He is also the main author of “Investor’s Outlook,” a quarterly publication of investment ideas developed in collaboration with the Firm’s other investment professionals. Ed assists plan sponsors and their committees by navigating matters such as plan design, investment manager selection, investment monitoring, and ERISA compliance. Ed graduated from Marquette University with a Masters of Business Administration in finance and Gustavus Adolphus College (cum laude) with a B. A. in History. Ed holds the Chartered Financial Analyst (CFA) designation.
Vice President of Research and Surveys, ISS Media
Brian O’Keefe leads the market research/surveys team supporting the PLANSPONSOR, PLANADVISOR, and CIO brands. In this role, he manages the collection and analysis of industry data covering the retirement and asset management industries. Over his 30 year career, he has helped organizations transform institutional data and instructed information/knowledge into the actionable insight that improves business outcomes. Prior to joining PLANSPONSOR in 2010, Mr. O’Keefe worked for Fidelity Investments, where he spent more than three years leading the institutional retirement market insights team. Mr. O’Keefe has a bachelor of science (BS) degree in mathematics from the University of Notre Dame, and a master of business administration (MBA) degree in finance from Babson College.