Reg BI Risk Alerts For Broker-Dealers And Investment Advisers
Two new Risk Alerts: Don’t Wait to Become Compliant Forgive us if you’re getting sick of reminders that Reg-BI is not being delayed by the SEC. As Luke wrote this week, the Reg-BI train can’t stop and is arriving soon, and Colin is writing so much about Reg-BI that it’s starting to come out of...Read More
The Reg BI Train Can’t Be Stopped And is Arriving Soon
With the past few months now in the rearview mirror, it’s looking more clear than ever that Regulation Best Interest from the SEC doesn’t seem to be going anywhere. There has been plenty of speculation that this regulation might not make the distance and follow the same path as its predecessor, the DOL rule. However,...Read More
What Happens When Money Falls From The Sky?
The CARES ACT is not TARP CARES will help with the restart in a few ways Americans are getting $1200 this month but what about inflation? Short-run Economic Effects of the CARES ACT So…modest to say the least. Hold onto your seats, folks. It is about this time that my family and friends come to...Read More
4 Habits To Forget Fear And Seize Growth From The Jaws Of this Crisis
This is not just another post in which I convince you that the Coronavirus is a tremendous threat or that to say home is a heroic mission. No, I don't need to convince you that the Coronavirus is a real danger, and some of us were already hermit introverts.
Sell Plan Sponsors From Home on Autopilot: LE PRO Registration is Open!
This is Yon Perullo of Larkspur-RiXtrema. For months we have been working on LE PRO to help you sell retirement plans on autopilot, using automated email campaigns. And with all the latest events LE PRO can grow your business better than any traditional selling techniques. Here are key points of the offer: LE PRO contains...Read More
New Reality Sets In: How You Can Sell Plans When Nobody Travels
We are living in surreal times. The world around changes seemingly in days, as if in a futuristic movie. But the consequences for our lives and livelihood are not imaginary. Some consequences are obviously negative. Some are positive: people spend more time with family, those that can run their business without traveling to work or...Read More
Here’s What The SEC Is Looking For In It’s First Reg-BI Exams
The SEC is sympathetic to COVID-19 efforts Is your firm ready to show a good-faith effort? Don’t forget these critical compliance steps What is the CRS Form? Rixtrema’s Reg-BI Optimizer Even though markets are focused on the impacts of COVID-19, the SEC is not looking to a delay of Reg-BI, as I wrote previously. With...Read More
RIAs Beware! Small Mistakes Can Carry Expensive Fines For 401(k) Plan Sponsors
Fidelity is a Frequent 401(k) Lawsuit Defendant Oracle’s $12 million-mistake Market corrections are marketing opportunities Key Takeaways RiXtrema’s 401k Fiduciary Optimizer was created to help Financial Advisors inform plan sponsors of hidden flaws. Don’t think for a second that plan sponsors are flawlessly monitoring their 401(k) plans, and this article will show more proof. Many...Read More
Reg-BI Isn’t Delayed Because Of COVID-19
The markets are tumbling and 10 million people filed for unemployment in the last two weeks. But, don’t think for a second that the SEC is rolling back the June 30th Regulation Best Interest compliance deadline. The SEC confirmed this week that it will not extend the deadline for Reg-BI and the Customer Relationship Summary...Read More
Do Not Trade Time For Money: Focus on Value You Add to Qualified Plans
Imagine combining features of an email marketing engine such MailChimp with the most detailed database of 700K+ plans and 1.2M+ executive contacts at plan sponsors. All this is connected to technology that writes custom letters for each plan sponsor based on predefined templates. It creates these custom letters to hundreds or thousands of plans at...Read More