The firm is focusing on smaller plans because it can offer better cost savings to investors to such plans, says Al Shemtob, WisdomTree's director of retirement services.
Plans that stick with just ETFs can expect to pay 60-75 basis points a year in fees.On top of that, 30-40 basis points would go to the adviser running the plan.Those that include mutual funds could expect to pay more.
Mutual funds have expense ratios that average 70 basis points, Shemtob
says, and that's before the adviser extracts its fee.
blames a lack of marketing.