Maryland Fiduciary Bill Rejected by Lawmakers
Another great incentive initiated by the state of Maryland is rejected by the lawmakers of the state. The bill that was introduced in February of 2019 by the group of state senators had protectionism of consumers at its foundation. It was intended to protect financial consumers when conducting financial transactions and receiving financial services. It was...Read More
Case Study: Eliminate IRA Rollover Worries for Your Clients
The Ask When your client asks “What do I do with the money in my 401 (k) plan when I change jobs?” we can create a hypothetical scenario where a prospect/client is about to change their employment and this is actually very real for all of us during our employment years. Changing a job can be...Read More
Suggested New Client Questions for Financial Advisors
There are a lot of questions must be asked by advisors when they meet with a qualified prospect or a new client. Here are a few that are quite important, along with some reasoning behind them. Background Questions Have you ever used an advisor before? Why do you think you need professional help? Why did...Read More
15 Weekly Stats for Financial Advisors: Week of April 1, 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:
Here’s Why Financial Advisors Should Not Overlook Generation X
In the recent white paper titled, “Neglected Generation” from Cerulli Associates it is argued that the entire generation, Generation X, has been overlooked by financial advisors. It may well be the case with a lot of hype about being ready to accommodate Millennials. However, building a business strategy based on this approach can be a grave...Read More
Everyone wants helicopter money. Don’t you? (Part II of Mad Cats, Free Dollars & Policy Fat Cats)
We finished part 1 of Mad Cats, Free Dollars & Policy Fat Cats with this quote that shows the core ideological tenet of so called Modern Monetary Theory: “Money is an infinite public reserve that has been choked off at its source. Unlike money’s private users, moreover, only government wields the capacity to furnish all...Read More
Compare Your Fees to Other Advisors in Your Area Using Fee Benchmark Hidden Tool
Looking for opportunities to create best proposals for your prospect may be tough in terms of pricing, and many people are interested if there is a way to look for other advisors’ fees in their area.
Case Study: Shining a Light on Revenue Sharing
The Ask It’s practically the norm for the fees on many 401(k) plans to be anything but straightforward. Indirect compensation and revenue sharing are some of the biggest culprits in this. So, when making any kind of proposal to a new prospect, it can be exceedingly difficult to paint a fair picture of the fees...Read More
Pros and Cons of State Fiduciary Rule Initiatives
In 2019 with the DOL’s fiduciary rule in the ground, individual states are starting to pick up the mantle. Is this ongoing trend a positive or a negative one? Here are a few ideas for you to consider first: PRO Small scale testing Looking back at the old DOL rule, there was a lot of...Read More
15 Weekly Stats for Financial Advisors: Week of March 25, 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