Single sourcing, or using multiple vendors? Let’s take 401(k), where you might have Fidelity doing the recordkeeping and account administration (stock investments). This seems like the fox guarding the henhouse and goes back to the whole Spitzer conversation again. I think this may be the next place he goes hunting for indiscretions. Let’s take another example for benefit administration. Isn’t it better if you have your broker, benefit administrator and benefit consultant as separate entities? In my opinion, you simply need to be wary of commissions these days and if possible, move your brokers toward fee based services. http://moneycentral.msn.com/content/P114436.asp
Now I’m a big proponent of single vendor management. But looking at the mess in the
