Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
AON Hewitt or whatever they call themselves is a reputable company. They are "independent" from any of thebig mutual fund or investment providers and are what I would call - a "pure" recordkeeper (and I'm in the 401(k) business with a competitor of them). I maintain a an account with them from a former employer's 401(k). But they are not money managers. Someone else is the money manager. Your employer has found a way to have custom managed portfolios or Collective Investment Trusts ("CIT") as your investment options. This is, in fact, a legitimate move in that 1) it typically lowers the management fees and "overhead" associated with mutual funds (which are heavily regulated and have lots of fees associated with them and CITs and the like do not); and 2)they can provide more of a long term management focus, which many mutual funds cannot, provide more adaptability (nimbleness) to changing conditions, and provide for different or more targets investment focus because they are not shackled to the regulatory environment surrounding mutual funds.

No, they don't have "tickers" because they are not "mutual funds" or registered security products traded on an exchange. Sounds like these are new funds, so they don't have a track record. The manager probably does - and under DOL regulations, the names of the portfolio managers must be disclosed to you - and you can research them.

Check with your HR folks and get more information.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.