Today we are pleased to unveil our list of 2020 NAPA Top DC Advisor Teams.
Unlike other lists, this focuses on firms, or what may, in a wirehouse environment, be referred to as a team, or office—in a single physical location—and as noted above, on the defined contribution practice specifically.
While we used the terms interchangeably during the initial online promotions, we have officially embraced “teams” as the list name, since it captures the essence of a group of individuals pulling together toward a common goal.
Since their inception, NAPA’s various industry lists have been a valuable Who’s Who of who matters in the world of retirement plans and retirement plan advisors. This latest chapter—the NAPA Top DC Advisor Teams, ranked by self-reported DC assets under advisement—presents a compelling case for the impact on the nation’s private retirement system.
Every team on this list—and they’re in 40 different states and Washington, DC—has in excess of $100,000,000 in DC assets under advisement—that’s more than $1.3 TRILLION in defined contribution dollars under advisement as of 12/31/20, representing the interests of some 30 million working Americans.
Sure, we know it’s not just about the numbers—but the reality is that advisors are having a huge impact every single day, not only on the quality of retirement plan advice, but in building a more financially secure retirement for millions of Americans.
We appreciate the commitment and hard work of the teams acknowledged—and are proud to have the opportunity to share it here, and in the Spring issue of NAPA Net the Magazine.
The list is online at https://www.napa-net.org/industry-intel/industry-lists/top-dc-advisor-teams-2020.
We’ll showcase the multi-office firm list next week!
