Thoughts on Morningstar's Target Date Fund Research

Two weeks ago Morningstar published its 2010 Target Date Fund Survey. In the survey Morningstar compared the performance of “open” and “closed” fund series and drew the conclusion that neither had a distinct performance advantage. This conclusion is not particularly surprising given relatively few funds have long enough return histories to do a complete analysis. However, what was surprising was …

An Interview with Fielding Miller

Fielding Miller is the Co-Founder and CEO of CAPTRUST Financial Advisors, a widely-regarded firm on the leading edge of the emerging retirement advisory industry. Headquartered in Raleigh, NC, CAPTRUST employs 140 professionals and operates from twelve offices around the country. BrightScope: Can you tell us a little bit about CAPTRUST?  What percentage of your business is retirement plan business? How has …

An Open Letter to Vanguard's Steve Utkus

Steve Utkus is the head of retirement research at Vanguard. Though we have never met personally, we have been fortunate enough to appear alongside Steve in articles, including this article about BrightScope that appeared in BusinessWeek. His comments in the press are generally wise and insightful which makes sense given his 25+ years of industry experience. On Monday of this …