The New York Times has published an article by Ron Lieber titled "Spotlighting 401(k) Plans, Thanklessly." The article discusses Brightscope's, which is a financial information company that provides 401k and 403b plan ratings and maintains a database of information on the retirement plan market, decision to publish and sell detailed reports containing the names and disciplinary records of thousands of stockbrokers and investment advisers.
According to the article, Brightscope decided to create the database because the company identified a need for one central location where retirement plan administrators and mutual fund companies could turn to obtain information on stockbrokers and investment advisers. Opponents of the database argue that Brightscope's tactics "feel like 'extortion'" and may be a front for plaintiff's lawyers.
See Ron Lieber, "Spotlighting 401(k) Plans, Thanklessly," The New York Times: Your Money (September 16, 2011).
Mr. Lieber has also solicited reader's comments regarding Brightscope's products.
See Ron Lieber, "How to Rate 401(k) Plans and Investment Advisers," The New York Times (September 16, 2011).
Posted by Brian Spring, Associate Editor, Wealth Strategies Journal.
According to the article, Brightscope decided to create the database because the company identified a need for one central location where retirement plan administrators and mutual fund companies could turn to obtain information on stockbrokers and investment advisers. Opponents of the database argue that Brightscope's tactics "feel like 'extortion'" and may be a front for plaintiff's lawyers.
See Ron Lieber, "Spotlighting 401(k) Plans, Thanklessly," The New York Times: Your Money (September 16, 2011).
Mr. Lieber has also solicited reader's comments regarding Brightscope's products.
See Ron Lieber, "How to Rate 401(k) Plans and Investment Advisers," The New York Times (September 16, 2011).
Posted by Brian Spring, Associate Editor, Wealth Strategies Journal.
Leave a comment