PLANADVISER - September/October 2017 - 50

As
to strategy, open architecture
is the presence of an unaffiliated
manager overseeing at least one
part of the portfolio. Thirty-seven of
the funds in the guide now provide
this feature; however, the largest
fund investment managers-Fidelity
Investments and T. Rowe Price-do
not, meaning less than 25% of TDF
assets are in funds with unaffiliated
managers.
Also of note, more than half of
the products here allow the investment
manager some tactical deviation
from the glide path when the
situation warrants.
Custom target-date funds allow
a retirement plan adviser and sponsor
to work with an asset manager to
specify glide path construction,
underlying asset
allocation
and
ongoing advisement. Nine asset
managers listed here provide that
option. -PA
Top 5 vs. Remaining Target-Date Mutual Fund Market Share
15.8%
Vanguard
Fidelity
T. Rowe Price
52.9%
American Funds*
Principal*
15.8%
6.5%
7.6%
June 2007
June 2017
*For funds not appearing on both Top 5 lists, their market share is as follows:
2007 American Funds = 0.3%; J.P. Morgan = 0.4%. 2017 BlackRock = 1.5%, Principal = 2.7%
Custom Target-Date Fund Providers
NUMBER
PROVIDER
Target-Date Series Name
AllianceBernstein
Customized Retirement Strategies
Alliance Bernstein
Lifetime Income Solutions
Allianz Global Investors
Varies - Client dependent
BlackRock
LifePath Custom
Callan
Birth Date Funds
Callan
Diversified Target Date Funds
Callan
KP Retirement Path Funds
J.P. Morgan Funds
Custom TDF glide path
Putnam
Retirement Vision Path Custom Funds
Russell Investment Management
Custom
State Street Global Advisors
State Street custom target date
OF FUNDS
IN SERIES
12
11
10
10
11
3
10
Varies
5
10
Varies
1.4%
J.P. Morgan*
BlackRock*
Others
21.2%
16.4%
7.2%
5.0%
16.6%
33.6%
UNDERLYING
FUND MGMT
APPROACH
Varies
Client specific
Dynamic
UNDERLYING
POOLED
VEHICLES
MF, CIT, SA
CIT
MF, ETF,
CIT, SA
Client specific Client specific
Hybrid,
multi-mgr
Hybrid,
multi-mgr
Hybrid,
multi-mgr
Varies
Hybrid
Active/Passive,
multi-mgr
Varies
MF, CIT,
MF, CIT,
pvt prtnshps
All MF
SA, MF, ETF
Varies
SA, MF
Varies
Varies
FUND
FEATURES
LANDING
POINT
Varies
Client specific
Varies
At TD
20 years
15 years
5 years
Varies
Varies
At TD
Varies
Q2 2017
ASSETS ($mm)
$36,662
$1,447
$1,200
$33,700
$4,399
$964
$6,065
$20,494
$156
$6,913
$11,400
MF = Mutual fund; CIT = Collective investment trust; ETF = Exchange-traded fund; SA = Separate account; R = Not reported.
Note: Some providers entered the average number of funds in their existing custom solutions.
Source: Strategic Insight
50 | planadviser.com september-october 2017
UNAFFILIATED
MANAGERS
Yes
Yes
Yes
Varies
Yes
Yes
Yes
Yes
Yes
R
Varies

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PLANADVISER - September/October 2017

Table of Contents for the Digital Edition of PLANADVISER - September/October 2017

Onboarding New Clients
2017 Retirement Plan Adviser Survey
A Focus on the TDK Market
Reharvesting
Annuities in DC Plans
Keeping Them Happy
Laden With Student Debt
When Advisers Tout Their Own Services
PLANADVISER - September/October 2017 - Cover1
PLANADVISER - September/October 2017 - Cover2
PLANADVISER - September/October 2017 - 1
PLANADVISER - September/October 2017 - 2
PLANADVISER - September/October 2017 - 3
PLANADVISER - September/October 2017 - 4
PLANADVISER - September/October 2017 - 5
PLANADVISER - September/October 2017 - 6
PLANADVISER - September/October 2017 - 7
PLANADVISER - September/October 2017 - 8
PLANADVISER - September/October 2017 - 9
PLANADVISER - September/October 2017 - 10
PLANADVISER - September/October 2017 - 11
PLANADVISER - September/October 2017 - 12
PLANADVISER - September/October 2017 - 13
PLANADVISER - September/October 2017 - 14
PLANADVISER - September/October 2017 - 15
PLANADVISER - September/October 2017 - 16
PLANADVISER - September/October 2017 - 17
PLANADVISER - September/October 2017 - 18
PLANADVISER - September/October 2017 - 19
PLANADVISER - September/October 2017 - 20
PLANADVISER - September/October 2017 - 21
PLANADVISER - September/October 2017 - 22
PLANADVISER - September/October 2017 - 23
PLANADVISER - September/October 2017 - 24
PLANADVISER - September/October 2017 - 25
PLANADVISER - September/October 2017 - 26
PLANADVISER - September/October 2017 - 27
PLANADVISER - September/October 2017 - 28
PLANADVISER - September/October 2017 - 29
PLANADVISER - September/October 2017 - Onboarding New Clients
PLANADVISER - September/October 2017 - 31
PLANADVISER - September/October 2017 - 32
PLANADVISER - September/October 2017 - 33
PLANADVISER - September/October 2017 - 34
PLANADVISER - September/October 2017 - 35
PLANADVISER - September/October 2017 - 2017 Retirement Plan Adviser Survey
PLANADVISER - September/October 2017 - 37
PLANADVISER - September/October 2017 - 38
PLANADVISER - September/October 2017 - 39
PLANADVISER - September/October 2017 - 40
PLANADVISER - September/October 2017 - 41
PLANADVISER - September/October 2017 - 42
PLANADVISER - September/October 2017 - 43
PLANADVISER - September/October 2017 - 44
PLANADVISER - September/October 2017 - 45
PLANADVISER - September/October 2017 - 46
PLANADVISER - September/October 2017 - 47
PLANADVISER - September/October 2017 - A Focus on the TDK Market
PLANADVISER - September/October 2017 - 49
PLANADVISER - September/October 2017 - 50
PLANADVISER - September/October 2017 - 51
PLANADVISER - September/October 2017 - 52
PLANADVISER - September/October 2017 - 53
PLANADVISER - September/October 2017 - 54
PLANADVISER - September/October 2017 - 55
PLANADVISER - September/October 2017 - 56
PLANADVISER - September/October 2017 - 57
PLANADVISER - September/October 2017 - Reharvesting
PLANADVISER - September/October 2017 - 59
PLANADVISER - September/October 2017 - 60
PLANADVISER - September/October 2017 - 61
PLANADVISER - September/October 2017 - Annuities in DC Plans
PLANADVISER - September/October 2017 - 63
PLANADVISER - September/October 2017 - 64
PLANADVISER - September/October 2017 - 65
PLANADVISER - September/October 2017 - Keeping Them Happy
PLANADVISER - September/October 2017 - 67
PLANADVISER - September/October 2017 - Laden With Student Debt
PLANADVISER - September/October 2017 - 69
PLANADVISER - September/October 2017 - When Advisers Tout Their Own Services
PLANADVISER - September/October 2017 - 71
PLANADVISER - September/October 2017 - 72
PLANADVISER - September/October 2017 - Cover3
PLANADVISER - September/October 2017 - Cover4
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