Managed accounts in workplace retirement plans have really come into their own in the past three to five years, growing by 29% in 2014 alone, according to Fidelity.
Thats because both employers and employees, they are recognizing the fact that when left to their own devices employees dont make the best potential decisions, said Sangeeta Moorjani, senior vice president of investment services in Boston. Thats where more people are looking for do-it-for-me solutions.
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