Financial Advisors Critique Default Qualified Default Investment Alternatives in Retirement Plans

The QDIA Illusion: Why Your "Managed" Account Isn't Managed

A more sensible managed account is designed for investors who do want to work with an advisor — the self-directed participants — and to provide a suite of risk-based glidepaths from which to choose. These individuals tell you their risk preference and their expected retirement date, and you do the rest.

By Ron Surz