The Business of Being In the 401(k) Business: Gazing Into the Future

Today we gaze into the future and explore how retirement service providers business models and product offerings to employers and employees could evolved in the coming years.  My guest, Dick Darian, the founder and CEO of Wise Rhino Group brings his tremendous enthusiasm for the topic and his years of diverse experience leading firms like BlackRock, MFS and ING, now Voya to the conversation.  Be forewarned, there is definitely some inside baseball and with as busy as Dick is these days, I had to corner him on his cell phone so the audio is good, but not great.  However, his insights, the most important part are fantastic.  We hit on the ongoing impact of technology in retirement services, how private equity and venture capital could disrupt the industry, whether outside players could enter the business and what that would mean, and the ultimate customer the retirement industry is after.  Guest Bio Dick is the founder and CEO of Wise Rhino Group, which provides M&A Consulting and Advisory services to firms focused in the retirement space. Prior Dick managed BlackRock's DCIO business. He began his career as a retirement consultant with Williams Thacher and Rand where he was a partner and DC national practice leader. He also led DC distribution at MFS Investment Management and ING. Prior to joining BlackRock, Dick was a co-founder and on the leadership team at National Retirement Partners. Dick lives in Charleston SC with his wife Mary. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over one hundred prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!