What makes a good retirement plan advisor? Is it investment knowledge, fiduciary expertise or something more personal?
In his latest article, Fred Barstein explores five qualities that define a good advisor: understanding their audience, communicating clearly, showing compassion, putting clients first and avoiding harm.
These qualities matter in the retirement industry, where advisors serve employees, plan administrators and senior management, each with different needs and levels of financial knowledge.
Fred argues that advisors must move beyond simply meeting fiduciary requirements and become stewards, building trust, understanding individual circumstances and helping people make better financial decisions.
As the industry shifts toward greater participant engagement, technical expertise alone may no longer be enough. The ability to listen, connect and genuinely serve others is becoming increasingly important.
Read the full article for Fred Barstein’s perspective on what it takes to be a truly effective retirement plan advisor.
