Jim Scheinberg quoted by Daily Finance

Jim Scheinberg was quoted today in an article by Daily Finance, an AOL money & finance site, entitled “Target-Date Funds: Hidden Risks in ‘Simple’ Plans.”

The propensity of these funds toward investing in only their firm’s proprietary products is problematic for Rekenthaler, as well as others, such as Jim Scheinberg, managing partner of North Pier Fiduciary Management, “Most target-date funds invest in the asset management firm’s own offerings. Seldom, if ever, will one company have superior choices for each asset class,” says Scheinberg.

Leave a Reply