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
Great Variety of Investment Options that 403(b) Plans Bring to the Table
Based on the Investment Company Institute and BrightScope data, an average large 403(b) plan provided 27 core options. It’s implied that recognizing the importance of plan design and features that will help to attract and retain qualified workers is crucial for nonprofit employers sponsoring 403(b) plans. According to a study from 2015, nearly all 403(b)...Read More
Important Lessons on 401k Contributions
In a recent video from 401kTV, we heard from Colleen Anderson, an Analyst on the Chick-Fil-A, Inc. Retirements Benefit Team. In her interview with 401kTV, they discussed the importance of company contributions and early eligibility as a critical tool for the health of their 401(k) plan and the retirement planning of participants. In an industry...Read More
What are the Best Ways to Avoid a 401K Fiduciary Lawsuit?
There are general guidelines provided by ERISA to follow by plan fiduciaries to avoid any unpleasant surprises in their practice when working with retirement plans. To successfully avoid any litigation and not to fall prey to any lawsuits, it is of a paramount importance to make sure that the necessary infrastructure and tools are in...Read More
New 401k Regulation to Give Participants Estimated Monthly Retirement Income on Account Statements
As reviewed by a recent article from InvestmentNews, there is even more regulation in the works for the retirement industry. New 401(k) disclosures may require many 401(k) investment providers to give a “monthly estimate” for what their current retirement savings amount to. While lots of big name investment providers in the industry are against this...Read More
15 Useful Weekly Stats for Financial Advisors: Week of December 10, 2018
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 weekly update with permission: Matt...Read More