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Word: eadvisorplus (lookup in dictionary) (lookup stats)
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Harbor Lights Financial Group of Toms River, N.J., is marketing a service to manage, not just give advice about, 401(k) portfolios for a fee of as much as 1% annually. The firm is in discussions with Verizon, among other companies. Ernst & Young is offering a service, called eAdvisorPlus, that's Web-based but includes access to planners. And the giant fund company Fidelity has started a pilot program with the Victoria Advocate, a Texas newspaper. Fidelity charges as much as 0.6% of assets and funnels participants into one of four portfolios based on responses to a questionnaire; a Fidelity...

Author: /time Magazine | Title: Whose Advice Is It? | 4/7/2003 | See Source »

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