In the next five years, target-date and target-risk funds will pull in $920 billion in new money. That's one of the predictions contained in a recent white paper from consulting firm Casey Quirk Associates
and Merrill Lynch
reports. The authors of the white paper also predicted that there will be more clients relying on a single firm to design and implement an investment plan, and there will be more strategies designed to generate income for retirees. There will also be less adherence to investment-style-boxes, the paper's authors predicted.
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