How will the 2018 Midterm Elections Affect You as a Financial Advisor?
The big news in the US this November, which was accurately predicted by virtually every reputable pollster and pundit who prognosticates about US elections, is that the 116th congress will bring a divided government with the Democrats controlling the House of Representatives and the Republicans controlling the Senate (and of course the Presidency which was...Read More
Ways to help 401k participants understand the risk of their portfolios
One of the most obvious ways to look at the risk of portfolio is by checking its standard deviation. Standard deviation is a statistical measurement that sheds light on historical volatility. The higher standard deviation is the more risk a portfolio has. Also, looking at Value at Risk will give you an approximation of possible...Read More
5 Articles for the financial advisor weekend reading list: November 10-11, 2018
Here are five suggested articles for financial advisors to read this weekend: 1. Benchmarking Target Date Funds Requires a Solid Baseline – Benchmarking Target Date Funds requires a solid baseline, an accurate peer group, and a knowledgeable retirement plan advisor. 2. DOL Wants Your Opinion on 401k Auto Portability – Do you have a strong opinion about auto portability?...Read More
What do clients really wish their financial advisors would ask them?
In a recent WealthManagement.com article, Matthew Regan wrote about some of the key questions that clients really wish their financial advisors would ask. Of course, most advisors are all asking the same “risk tolerance” and other standard questions: but what else are they really worried about? In this list, they really go into detail about...Read More
401kFiduciaryOptimizer Infographic
401kFiduciaryOptimizer moves the needle for advisors plan practice! Their success in getting appointments with CFOs stems from this simple fact. 401kFO uses sophisticated quant algorithms to optimizer three things that get the response of a CFO: Significant Cost Savings Significant Performance Improvements Fiduciary Liability & Best Practices According to advisors, CFOs are especially willing to...Read More
Vital Tips to Offering Fiduciary-Friendly Rollover Advice
One fiduciary-friendly rollover advice can come in the form of the explanation why rollover would benefit a client. For example, if a client currently has 401k plan with an employer, rolling over part of the contributed money can help a client to take a better control of the investments and retirement planning. During the rollover,...Read More
The Importance of Making a Sample Financial Plan For Your 401k Clients
In his recent Periscope broadcast, Michael Kitces talks about the necessity to create a Sample Financial Plan for prospective and new clients as an essential step in building trustful relationships with clients, leading to comfortable sharing of their financial information. Originally, gathering forms with financial data has been a challenge, not only because of the...Read More
15 Weekly Stats: Week of November 5, 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
5 Articles for the financial advisor weekend reading list: October 27-28, 2018
Here are five suggested articles for financial advisors to read this weekend: 1. Eight Reasons a Financial Crisis is Coming – It’s been about 10 years since the last financial crisis. FocusEconomics wants to know if another one is due. (moneymaven.io) 2. ‘Professional Fiduciary’ Indicted for Fraud, Embezzlement – Alleged husband and wife grifters Jeff and Wendy Richie were indicted Wednesday...Read More
Why 401k Financial Literacy Should Never Be Overlooked
In 401kSpecialistMag’s recent interview of Heffernan Financial Services’ Blake Thibault, we heard about the importance of 401k financial literacy for somebody’s financial wellness. How can somebody be financially well if they don’t understand many basic principles of financial literacy? The answer is that it’s pretty difficult. Many people still aren’t very educated on how to...Read More