Building and Managing Your Retirement Plan Pipeline
One analogy I often use is that a qualified plan database (or any prospecting database) is like a gym membership. You can get all sorts of benefits from it, but in order for that to happen, you have to put it to good use. We all start the year with good intentions, but it’s easy...Read More
6 Best Practices For Reaching a Busy Plan Sponsor
We at Larkspur-RiXtrema know how difficult it can be to keep up in the retirement plan space. There are so many wasteful plans out there, and it can seem easy to reach out to these plan sponsors to point out these flaws to them. However, even with powerful quantitative tools at your disposal, the plan sponsors might...Read More
How to Safely Approach Online Reputation and Review Platforms as a Financial Advisor
Online business reputation and customer reviews have become a significant part of social media and various online platforms while rating everything from restaurants to products and even financial services. According to a recent article in Morningstar: “business owners are faced with the challenge of how to effectively manage their business’s reputation online”. More importantly, the article...Read More
5 Articles for your weekend reading list: September 15-16, 2018
Here are five suggested articles to read this weekend: 1. A Post-Fiduciary Rule Rollover Playbook – The short-lived fiduciary rule provided that anyone who received compensation in connection with recommending a rollover would have been considered an ERISA fiduciary.(401kspecialistmag.com) 2. Best Interest and Best Practices: Improving Retirement Outcomes – The Investment Company Institute (ICI) is celebrating National 401(k) Day this week...Read More
This is How You can Address Fiduciary Concerns & Build Suitable Portfolios
During the webinar you will learn how to use cutting edge science to measure risk tolerance and build most efficient risk/return profiles for every client and prospect. Keeping the fiduciary standard in mind, today it is more important than ever to accurately measure an investor’s risk tolerance and to build appropriate portfolios. RiXtrema and FinaMetrica...Read More
Fiduciary Hope: A Look into the Future of the Fiduciary Standard
Phyllis Borzi is the former Assistant Secretary for Employee Benefits Security of the United States Department of Labor. As the official in charge of the Employee Benefits Security Administration in the Obama administration, she helped draft the now vacated DOL Fiduciary Rule. When asked to consider where the industry and regulators will be on the...Read More
15 Weekly Stats: Week of September 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: Contact...Read More
What the Trump Executive Order on Retirement Means for Advisors and Plan Sponsors
President Trump with his Executive Order on Retirement plans expanded the horizons of better retirement to many people who before had no chance to retire comfortably and securely. It helps to close the gap between many employees working for small companies which do not have the ability to set up an internal retirement plan for their workforce.
5 Articles for your weekend reading list: September 8-9, 2018
Here are five suggested articles to read this weekend: 1. What are Unitized Model Portfolios and Why Should 401k Advisors Care? – Unitized model portfolios are getting an increased amount of attention from advisors who want to “take target-date funds to the next level,” according to Kent Peterson, Vice President with Securian Financial. (401kspecialistmag.com) 2. Millions of Workers Continue to...Read More
Advisors concerned about consolidation among record keepers in the 401K business
InvestmentNews recently reported on how the consolidation of record-keepers could be a bad omen for 401(k) plans. Over the years, many record-keepers have been sold or merged together with other providers. If providers keep consolidating, this could mean that many retirement plans might get shoe-horned into more restrictive plans or even drop them all-together. We’ve...Read More