Is T. Rowe Price considering offering direct investment advice?
We are comfortable right now with a third party, but I couch that with right now. I cannot say what we are planning, but we will look at all options going forward. We use both Morningstar (Associates, Chicago) and Financial Engines (Inc., Palo Alto, Calif.) for advice. We want to give participants a choice in providers. And for managed accounts, we use Financial Engines. Where do you stand on fee disclosure? We have been in support of fee disclosure for years, but with caution. Too much disclosure could create confusion among participants. We as a provider, and in working with plan sponsors, do not want to create more questions and concerns. There has to be a balance between providing appropriate disclosure and not overloading participants. We have always been proactive and our plan sponsors are comfortable with what we disclose as a provider. I honestly think the majority of plan sponsors are doing a great job in figuring out how much they pay and to whom, and how much to show partici
