Winning 401k Business Nearby with Planisphere
Luckily, Planisphere is equipped with a very handy search engine, which will provide you a lot of flexibility in your searches and prospecting.
More Lawsuits Mean Even More Problems for Stubborn Plan Sponsors
Excessive fee lawsuits now are a common occurrence throughout the financial industry. Every week you can hear about a major university or company pension plan being sued by the participants. However, the one thing that keeps on surprising us is the stubbornness of the plan sponsors to understand during the committee meetings that their duty of loyalty is to the employees, not to the company.
Using The Client-View To Manage Portfolios In Portfolio Crash Test Pro
The new ability to add clients is most simply thought of as a way to organize your portfolios. It is for combining all of the client’s portfolios with their questionnaire results. The advantage of being able to add clients, rather than just having a long list of portfolios, is that it makes naming portfolios and...Read More
Podcast:Retirement Plans Are Wasting $12.32B in Fees: How Are Your Clients & Prospects Doing?
Summary: Massive study by Larkspur-RiXtrema uncovers deficiencies and shows opportunities. On this podcast you will find out about this historic study. We undertook first of a kind research study by looking at 52,529 qualified plan lineups. Using quantitative methods, we distinguished true active funds vs. ‘closet indexers’. Turns out that majority of funds held by...Read More
WHY SHOULD YOU BE A 3(21) OR A 3(38) FIDUCIARY?
One of the biggest incentives for plan sponsors to seek a fiduciary to assist with their retirement plan is to share the burden of providing sound advice to all participants enrolled in the plan. Since 2009, shortly before the Department of Labor started requiring providers to more clearly disclose their fees via the 408(b)(2) rule,...Read More
Technology so good you can taste it.
Beyond Meat has had a wild first month of public trading, rising over 500% from the IPO price before a few analysts urged caution to those expecting incredible financial results. But as soon as the analysts stopped downgrading the stock (to hold), the meteoric rise continued and the stock briefly eclipsed $200. While the IPO...Read More
Easy Steps for Retirement Plan Sponsors to Minimize Their Liability
In a recent article by JD Supra, we learned that being a plan sponsor is quite a difficult task, because besides setting up a plan, one needs to watch it constantly due to the liability exposure. Every plan sponsor should do their best to minimize their liability and courtesy of author, Ary Rosenbaum, here is...Read More
Prospecting Plans with the Lowest Ratings in Planisphere
The Ask: To win business, every financial advisor, should do their best to analyze nearby 401(k) plans. The key point here is benchmarking and choosing the right target plans. Our clients frequently ask us to help them find the best plans for prospecting, however, requires taking specific steps. The Problem: While you can find a...Read More
Smoothly Changing your TPA
A TPA (Third Party Administrator) can help manage all the logistics of general retirement plan and health services, so employers can concentrate on what they do best. Changing a TPA gives an opportune time for company executives to improve their vendor service road map and solicit extra worker compensation claims which were not addressed and...Read More
Managing non-standard securities in 401kFiduciaryOptimizer
The Ask: As you know, the 401kFiduciaryOptimizer, is quite a flexible tool where you can work with both audited and non-audited retirement plans. You can even run a full scale optimization even on a plan that doesn’t have any audited schedule of investments (Read up on how to do this on our separate case study...Read More