401(k) financial advisors are often handicapped by the fact that the nature of their position requires them to have an ERISA background when they don’t. It’s hard to fake an ERISA background when you don’t and it’s pretty impossible to fake. The problem is that many advisors make classic mistakes when it comes to their 401(k) clients as well as their potential clients. This article is about the mistakes 401(k) financial advisors may make, and why they may have to get the ax.
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