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Rating:Scudder Eyes 401k Rollovers Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, October 18, 2001

Scudder Eyes 401k Rollovers

Reported by Sean Hanna, Editor in Chief

Scudder Investments is rolling out a new campaign to encourage financial advisors to roll client assets into the firm's funds. The 401(k) rollover market is seen as the Holy Grail by many fund firms, but no firm has yet to grab as firm a hold as it would like.

Scudder says its new "Retirement Asset Management" program will assist financial representatives guide clients through the systematic distribution of their retirement savings.

As a part of the program, wholesalers will be holding more than 40 seminars for advisors throughout the nation over the next months.

Tom Bruns, managing director, Zurich Scudder Investments explained that advisors will start to shift their emphasis from asset accumulation to managing assets in retirement as the Baby Boom generation enters the final stretch of their careers.

The somewhat simple program includes tips that advisors can use to avoid making common mistakes and software to let them model distribution sequences during retirement.  

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