Large, bundled 401(k) recordkeepers such as Fidelity Investments
and Vanguard Group
to gather the most rollover assets in the upcoming years because assets in the retirement market is projected to rise to $22 trillion in 2016 from $16 trillion in 2011, Investmentnews reports
, citing data from Cerulli Associates Inc.
, a Cerulli analyst, told the pub that: "These record keepers already have a
strong book of DC business, and they can translate into a conversation
of IRA rollovers."
IRA assets currently make up 29.7 percent of all retirement market assets, but they are reportedly forecasted to grow to 33 percent of the total retirement market by 2016. Mutual funds have the largest market share among IRA products, with
47 percent of account assets as of the first quarter of 2011, according to Cerulli. Brokerage accounts, meanwhile, account for a bit more than a third of IRA assets.
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