A Lot to Look Forward to in 2019: A Word from Daniel Satchkov, Larkspur-RiXtrema President
Dear friends, We have had an amazing 2018! RiXtrema acquired Larkspur Data Resources, a legendary company who started building plan advisor software decades ago. We launched Larkspur Executive with points of contact in the C-suite of plans our clients are trying to win over. We’ve added unique real-time update giving our advisors a jumpstart on...Read More
Why aren’t Millennials Turning to Financial Advisors?
From a recent article from Business Wire, we learned about a YCharts survey on millennial saving patterns. More than half of all millennials are saving 12% or more of their pre-tax income. On top of that most of them are not using a financial advisor and have no plans to. 53% of those that participated...Read More
Top 10 Articles from the Larkspur-Rixtrema Blog in 2018
Here is our top 10 countdown of the most popular articles from the Larkspur-Rixtrema Blog for 2018: 10. How to facilitate a conversation about risk & obtain better portfolio outcomes for your clients. Prior to becoming the CEO of RiXtrema, I was an asset manager, and soon after RiXtrema was founded, I became a client of...Read More
Larkspur-RiXtrema Year in Review 2018: News, New Tools for Advisors and More…
Image Source: https://kinsta.com/blog/2018-year-in-review/ The biggest news of 2018 is fully completed merger of RiXtrema and Larkspur Data Resources into one company, Larkspur-RiXtrema. Both companies were well known in the advisory industry for providing great analytics and reporting to advisors working in the retirement planning business, portfolio and risk management, and IRA management. With combined strength and...Read More
7 Exclusive Case Studies on 401K Retirement Plans for Financial Advisors
Here at Larkspur-RiXtrema, we firmly believe that our software tools are extremely powerful and can help out advisors in so many ways. Here are a few case studies we’ve done this year to demonstrate some of the cutting edge abilities of our software in action. 1. A huge potential to save Lets examine one of...Read More
Reasons Why Advisors Should be Using More 401k Fintech Tools
With the new millennia we crossed the point of no return where technology will be driving growth and prosperity. It is easy to see it happening all around us almost every day. There are new Google, Amazon, Netflix, Uber like companies that appear in different corners of the world. Some will stay and some...Read More
Why Your Business Needs to Analyze Financial Literacy Trends
There are some rules attached to better money control. Following the rules will lead to more stability in your clients’ lives, and eventually will affect other areas of their life such as mental health, physical, spiritual and socio-emotional well being. Financial well being will help people strengthen their coping ability and resiliency, and will...Read More
What is the Fiduciary Outlook for Financial Advisors in 2019?
While 2018 had the end of the DOL rule, it doesn’t mean that regulation for 401(k) plans and advisors has gone away. With the SEC’s rule incoming in 2019, and some vigorous enforcement of current rules, fiduciaries do need to stay on their toes. Things to Keep in Mind Based on recent research and opinions...Read More
5 Articles for the Financial Advisor Weekend Reading List: December 15-16, 2018
Here are five suggested articles for financial advisors to read this weekend: 1. Post DOL Fiduciary Rule Regulatory Challenges – The DOL Fiduciary Rule is dead. All we know is that something will replace it, someday. Maybe. According to a recent article, that leaves advisors in a state of regulatory uncertainty. 2. 10 Litigation Lessons for 401k Fiduciaries –...Read More
4 Reasons for Financial Advisors to Implement a Newsletter Email Campaign
A recent article listed the biggest reasons that advisors cite for why they have implemented newsletter marketing campaigns via email. Lets take a look at several of the key points: Cheap Many email marketing platforms offer free trials and inexpensive options but will vary on the amount of emails an advisor sends as well as the...Read More