5 “Worst Practices” Every Financial Advisor Should Avoid
There are plenty of bad practices out there in the financial advisory space from conflicts of interest to being out of touch with your clients. But what should you avoid as a financial advisor when it comes to your own practice? Here a few bad practices all financial advisors should avoid: Conflicts of interest One...Read More
15 Weekly Stats for Financial Advisors: Week of May 6, 2019
Matt Meyer and Michael Robinson are founders of The BluePrint Insurance Services. Their mission is to be the premier insurance partner for RIAs and comprehensive financial advisors. The BluePrint provides an operational insurance platform that allows our partners to provide the highest level of insurance access and support. We feature this weekly update with permission:...Read More
Diversification by Twitter: How Trump’s Trade Tactics Are Changing Financial Markets
Donald Trump yesterday suddenly threatened to increase tariffs on many Chinese goods from 10% to 25% effective this Friday. He also threatened to institute many new tariffs. According to his math, the new tariffs will amount to 25% on about $375 Billion in goods or roughly $94 Billion per year. Chinese Communist Party is not...Read More
Fintech for Retirement Plan Advisors: Larkspur-RiXtrema in the age of “Big Data” & AI
Currently, we live in the age of “Big Data”. “Big Data” is a field that assists with data analysis, data extraction, information processing using huge data sets that are too large or complex to be dealt with by traditional data-processing application software. Analysis of data sets is highly applicable in any sector of the...Read More
Why Plan Sponsors Should Pay More Attention to Their Retirement Plan Design
The key point in your benefit plan’s success is in its design. And if your company hasn’t thought much about it, it might be the time for you to consider a thorough analysis to see how well your current plan is designed. There is no such thing as a universal plan design, as there are many...Read More
Reviewing Top Robo-Advisors and General Tips to Choose the Right One for You
Robo-advisors are financial tools providing assistance or investment management online with moderate or no human intervention. There are around 100 robo-advisors on the market nowadays, and most of them are called a new word in the financial advising industry, as they are considered for the broader audience, cost less and provide better results in some...Read More
15 Weekly Stats for Financial Advisors: Week of April 29, 2019
Matt Meyer and Michael Robinson are founders of The BluePrint Insurance Services. Their mission is to be the premier insurance partner for RIAs and comprehensive financial advisors. The BluePrint provides an operational insurance platform that allows our partners to provide the highest level of insurance access and support. We feature this weekly update with permission:...Read More
To ESG or Not to ESG?
Environmental and socially responsible investing (also known as ESG, where the ‘G’ stands for governance) has been a hot topic in recent years. Since Earth Day was just a couple of days ago, I thought I would honor the day with a blog posting about ESG. Some reading that inspired this post was Jeremy...Read More
How advisors can avoid excessive fees lawsuits and become better fiduciaries at the same time
As we can see from the news excessive fee lawsuits are not going away. It makes a lot of sense that it continues to happen because people smell money. The plan participants and the lawyers are on the same team here. And I totally agree with the participants’ logic and drive to find justice and...Read More
The SEC Enforces Share Class Disclosure
According to Drinker Biddle & Reath’s lawyers, the SEC’s Enforcement Division has started investigations against companies that didn’t self-report in the Share Class Selection Disclosure Initiative. There is a huge risk that these companies will be subjected to monetary penalties, additional charges, including charges against individuals. The Share Class Selection Disclosure Initiative that was announced...Read More