Philip Chao

Chao Featured Guest — Allspring Global Investments’ Podcast

Philip Chao, a leader in the wealth and investment management industry, was a recent guest on Allspring Global Investments’ podcast, On the Trading Desk. Sean Fullerton, senior defined contribution investment strategist at Allspring Global Investments, spoke with Philip Chao, founder, and chief investment officer at Experiential Wealth, about what success looks like for defined contribution, or DC, plans and if “success” is even the word we should be using to think about it.

During the two-part series, Chao provided thought leadership around the concept of measuring retirement plan success. Crafting a successful retirement plan requires more than just one metric or approach. It all starts with an in-depth conversation between the advisor and plan fiduciaries to discuss why the plan exists, which objectives it should fulfill, and how progress will be gauged.

The value of expertise is best highlighted by leading this exploration process without bias; key stakeholders must identify individualized outcomes suited to their specific needs given that each participant has differing requirements. Moreover, it is about having a qualitative discussion and “awakening of sorts” with your plan fiduciaries.