Article by Michelle Capezza Featured in BenefitsLink Retirement Plans NewsletterBenefitsLink June 6, 2016
Michelle Capezza, a Member of the Firm in the Employee Benefits and Health Care and Life Sciences practices, in the firm’s New York office, authored “Digital Investment Advice for Retirement Savings: Does the Robot Know Best?” which was featured in the popular retirement plans newsletter, BenefitsLink.
Following is an excerpt:
As with most aspects of the workplace, employee benefits are going digital. From online enrollments and administration for all types of benefits, to electronic educational tools, employers are increasingly seeking ways to use new technologies to enhance their benefits programs, increase efficiencies and employee engagement. Among these innovations is the proliferation of computer-driven, digitally-based investment advisers, or so-called “robo advisers.” The market for robo-advisers is growing fast with many new companies entering the space with increasing frequency. Well-established companies are also developing and offering their own automated investment services which can be available to assist individual investors or participants in an employer-sponsored savings plan. Plan sponsors will increasingly be presented with robo-adviser services for their participant-directed retirement plans, and they must be prudently selected.
Ms. Capezza’s article originally appeared on Technology Employment Law, an Epstein Becker Green blog.