Video: Fulfill Your Fiduciary Duty of Continuous Plan Monitoring
As an ERISA fiduciary, you must continuously monitor your plans. This was affirmed in a major 401k lawsuit, Tibble vs Edison. When defendants in that case argued that they need 2-5 months to fix problems with the plan, judge told them they should’ve acted immediately. Clearly, expensive share class investments are not the only problem...Read More
The Deep Internet: Why Bitcoin and Crypto Must Beat Centralized Platforms or Die
There is a great deal of content about cryptocurrency and blockchain, so why read this article? To put it simply, it will make sense of the future of cryptocurrency for you. Pretty ambitious.
What Does it Take to Become a Successful Digital Marketing Fiduciary?
The fiduciary standard is centered around serving the best interest of investors. In a recent post we have discussed how to explain fiduciary responsibility to a potential client or prospects. It is important to remember that actions and results will speak volumes in relation to simply “saying” you’re a fiduciary. This includes being able to...Read More
11 Client Acquisition Tips for Financial Advisors
Blog, blog, blog Be Original Having a Target Market Makes you Memorable! A Bit of Networking can go a Long Way Know Your Numbers Modernize Improvise Hold a Free Seminar or Event Arm Yourself with a Good CRM Build a Marketing Strategy Around Life Events Use an Unorthodox Approach with the Prospects of Wealth 2.0...Read More
Case Study: Diversifying 401(k) Plans as a Great Prospecting Opportunity
The Ask: Creating a great proposal that will increase interest from your prospects should be ideal not only in terms of cost-efficiency but also in terms of diversification. While cost-efficiency is based on the fund fees and performance, diversification means protection against market loss, which can potentially dramatically decrease your plan savings. The Problem: When...Read More
15 Weekly Stats for Financial Advisors: Week of March 11, 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
How Vanguard is Staying Competitive with Robo Advisors
The financial industry like other sectors of the economy keeps evolving and new trends surface every 5-7 years. The latest new big trend that emerged over the past few years has been robo-advisory. It is a new class of financial advisors like Wealthfront Inc. and Betterment LLC that provide financial advice or investment management online...Read More
Case Study: What will Happen to my Client’s Portfolio if the Chinese Credit Market were to Explode?
The Ask: It is a fiduciary duty of each advisor to protect investments of a client. How can it be done effectively before a disaster strikes? It is customary to think about portfolio protection strategies when dealing with events close to home, such as a looming economic recession and market correction. You know the portfolio,...Read More
They are Watching You: The Evolution of AI in Public Spaces
Cameras are everywhere. They are always watching you. We know this. In the US, it seems every outburst is caught on video and shared via social media. Cell phone and CCTV cameras will catch almost every move made in public. This is not just a US phenomenon, nor is it only unknowing civilians that are...Read More
Main Reasons for 401(k) Advisors to Collaborate with Benefits Brokers
Benefits brokers’ responsibilities are very similar to those of retirement plan advisors; they are responsible for supervising any issues related to medical and insurance benefits, and, among other things, can conduct enrollment meetings. Although many retirement consulting companies provide benefits brokerage services, along with their primary services, advisors can always collaborate with outside brokers for...Read More