Add or Create your own Custom Stress Tests
How to change scenarios How to create a Custom Stress Test PortfolioCrashTest has always been able to choose different scenarios to stress test your portfolios. However, in PCTpro you can now create your own scenarios with the new feature called Custom Stress Tests. This short guide will show you how to: Add and/or change scenarios...Read More
Some Straight Talk About BlackRock’s Sustainability Investing
BlackRock CEO Laurence Fink wrote a letter to CEOs announcing that environmental sustainability will be the cornerstone of BlackRock's future investment decisions.
Stock tips and socializing can get BDs and RIAs in trouble with Reg-BI
Here’s the situation: The location has no bearing on a recommendation. Ask yourself two questions to see if a conversation qualifies as a recommendation Exercising Fiduciary Caution will show you are trustworthy Here’s the situation: You just sank an 8-footer to save par and close out the front nine with a couple of clients. The...Read More
I was shocked to see this at LINC 2020
What element struck Luke and me the most at the LINC Conference? Millennials will carry the financial industry Hire young talent to attract young clients Gen Z and Millennials did not inherit their grandparent’s work ethic – they changed it Collaboration is where life and work meet What element struck Luke and me the most...Read More
Keys to Writing Great Marketing Copy – A conversation with Jack Turk
Jack Turk is a comedy writer, turned professional magician, and then a copywriter for Dan Kennedy’s company – GKIC. Yep. Magician. In this podcast, Yon and Colin hear about his fascinating entrepreneurial career and pick his brain about better writing techniques towards how an advisor can be their own copywriter. All while having a laugh...Read More
Panademic Stress Test
We have written a lot about the potential for market corrections and scenarios that may disrupt the decade long bull market. The Coronavirus is the most tangible example of a short-term threat to the market’s long upward climb. And our clients, keenly aware of the potential for market disruption, have asked us to create a Coronavirus stress scenario for Portfolio Crash Testing Pro
Advisors are still in denial about Regulation Best Interest
Here are my key takeaways from the LINC conference. When the SEC knocks, how will you prove compliance? The Stars Point to Compliance Better to bargain We are here to help you with compliance. More to come from LINC 2020 My colleague, Luke St. Angelo (RiXtrema’s VP of Client Success), and I had the opportunity...Read More
Client Relationship Summary (CRS Form) Checklist
Introduction Description of relationships and offered services A statement of the applicable conduct standard associated with the services Fees and Costs A Comparison of BD and RIA services for firms that are not dually registered Conflicts of Interest associated with the firm’s relationship to its services, fees, and other BDs and RIAs Legal and disciplinary...Read More
Does Reg-BI have teeth? Don’t wait to find out…
We are seeing tremendous amount of interest from advisors in RegBIoptimizer. And what is particularly gratifying is that this time people understand that procrastination is NOT a strategy. RIAs and BDs know that procedures and documentation will be very different post-RegBI, and RegBI Optimizer will help you reach compliance. Still, some people do prefer to...Read More
Don’t fall blindly into these 3 conflicts in Reg BI
Revenue-Sharing Conflicts Reg-BI represents a significant change in the SEC’s regulation target. Revenue Sharing is the practice of an investment fund security sharing money back with broker-dealers who sell it to clients and it was not regulated by the SEC prior to Reg-BI. By Reg-BI’s new standards, it exposes BDs to Best Interest violations. Specifically,...Read More