| Topic Name: |
HFS vs. HIG |
| Message Name: |
differences are ... |
| Date Posted: |
02/15/2006 |
| In Reply To: |
Does anyone know the main differences between Hewitt Investment Group (HIG) and Hewitt Financial Services (HFS)?
Thanks. |
| Message: |
HIG is an independent group that consults with plan sponsors primarily on pension and 401(k) plan investments. They collect fees directly from clients and are totally independent from invesment managers. They have a separate link on Hewitt home page. HFS is a broker-dealer that advises clients on 401(k) investments but does get paid by fund managers (this in turn lowers fees to plan sponsors). HFS also has some Hewitt-branded financial products that are made available to some participants or former participants. HFS provides a function similar to what Fidelity or T. Rowe Price offer to their one-stop-shop clients.
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