How to Find and Use the Fee Benchmark Feature of 401kFiduciaryOptimizer
401kFiduciaryOptimizer has a hidden tool providing information on average advisory fee based on the plan assets and zip code of the plan the advisor is working on. It’s called Fee Benchmark and it can be found at the very bottom of the Edit Plan section: It shows the fees breakdown for different advisors parsed from...Read More
Post DOL Fiduciary Rule Regulatory Challenges
The DOL Fiduciary Rule is dead. All we know is that something will replace it, someday. Maybe. As this article from InvestmentNews points out, that leaves advisors in a state of regulatory uncertainty. And given the recent market volatility, the article mentions an important point: that if your IRA Rollover clients experience a suboptimal outcome...Read More
How Continuous is Continuous? Reasons Quarterly Review is Not Enough After Tibble vs Edison
As a fiduciary to an ERISA plan a few years ago you could have been forgiven to think that you are not responsible for decisions that were made long before you arrived on the scene. But you would be wrong. The Supreme Court ruling in Tibble vs Edison essentially stated that it is not enough...Read More
15 Useful Weekly Stats for Financial Advisors: Week of December 3, 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
On Risk Tolerance and Broken Noses
From risk systems for advisors to algorithms used by robo-advisors, quant risk management has gone mainstream. These systems have gone from being housed on supercomputers at large institutions to cloud-based systems with calculations that cost almost nothing. However, as cheap risk modeling revolutionizes the way everyone invests, it is important to keep in mind one...Read More
4 Simple Tips for Advisors on How to Make Portfolio Diversification Easier
Know your client: Ask about risk aversion and financial goals. The portfolio diversification should be based on the risk aversion and financial goals of a client. Know your funds: select the best suited funds for your client based on their risk/return profile. Managing cost of the funds, tax status can play an important role in the...Read More
5 Articles for the Financial Advisor Weekend Reading List: December 1-2, 2018
Here are five suggested articles for financial advisors to read this weekend: 1. Analyzing Yield Curves to Position Your Clients’ Portfolios – The recent equity selloff has dropped S&P 500 10.2% from the September peak to its November 23 trough and removed about $2.5 Tn in market cap from the index. 2. Everything to Know About Retirement...Read More
Making Sure Your 401K Clients Get the Retirement Paycheck They Want
In a recent article from Kitces.com, the main topic of discussion are the different ways that investors and advisors have been ensuring a retirement paycheck throughout the years. In the past, people have evolved from using a bond-based portfolio, to high-dividend paying stocks, to now just using capital gains. Some investors may even opt to...Read More
Featured Advisor Interview: How to Relate to Clients & Work with Plan Sponsors
Nick Fuller is the owner of Fuller Wealth Management based out of Tempe, AZ. Read the full interview to learn more about the importance of talking risk with clients, working with 401k plans, the fiduciary outlook and much more. Luke: Thank you again Nick for joining us for the interview. Before we begin could you...Read More
Analyzing Yield Curves to Position Your Clients’ Portfolios
The recent equity selloff has dropped S&P 500 10.2% from the September peak to its November 23 trough and removed about $2.5 Tn in market cap from the index. Similarly, the Nasdaq has fared worse with a 14.8% drop from its August peak while global markets have fared even worse, off more than 20% since...Read More