Why Having a Fiduciary Process In Place Is Important
We all have witnessed the ongoing battle in the DOL fiduciary rule process. The regulation was initially created under the Obama administration. However, in Feb. 2017, President Trump issued a memorandum that attempted to delay the rule’s implementation by 180 days. In late May 2017, newly appointed Labor Dept. Secretary Alexander Acosta confirmed that the...Read More
15 Weekly Stats: Week of July 23, 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
The Benefits of Having a Strong 401k Plan
The Plan Sponsor University (TPSU) held a Fiduciary Education Program in Denver, Colorado at the University of Denver. Among the program topics discussed during the TPSU Program was the benefit of having an executive management team understand the benefits that a strong 401k Plan can bring to the employees and the company. At the conclusion...Read More
What it means to excel as a trusted financial advisor
Financial advisors should always keep in mind that pumping their sales is not the ultimate goal. It always feels good to be a winner when it comes to sales and having contracts settled one-by-one is a dream of every financial advisor. But remember those who cross the finish line in a marathon race, are not...Read More
A list of core beliefs every financial advisor must have.
1. The financial advisor must believe in being the go-to financial advisor of choice amongst the affluent in the community by staying on the top of all important matters, by being knowledgeable and helpful to clients. 2. The financial advisor must believe in personal capability to be the best advisor for the client by always...Read More
Understanding the importance of SEO for financial advisors
A recent article from the Journal of Financial Planning places emphasis on the need for SEO in the marketing process for every financial advisor. The article acknowledges that this particular field of prospecting is widely untapped because “inbound marketing is still a largely ignored strategy from planners because the opportunities are so vast”. However, it...Read More
How to adjust your client’s investment goals and risk tolerance for an ideal portfolio
Risk in itself is neither good nor bad, but it is extremely important that you understand what risk and how much of it you are taking. As advisors are adopting wealth management technology, they seem to be focused on the risk tolerance aspect of risk system implementation. If we look at guidelines by FINRA, the...Read More
Your 1 minute case study on 401K Retirement Plans: A look at hidden fees
Welcome to another case study here at Larkspur-RiXtrema. Today, we are going to look at some of the hidden fees behind the LIFESPAN, INCORPORATED RETIREMENT SAVINGS PLAN. To reconcile the extra fees like record keeping fees, advisory fees, etc. with the 401kFiduciaryOptimizer, we have two different strategies to make sure we get a good and...Read More
Advisors have a key role to play when it comes to helping clients ensure compliance.
SOURCE: planadviser.com A recent web seminar covered the topic of missing participants with Mercer experts Margaret Berger, principal, Princeton, New Jersey, Brian Kearney, principal, Washington, D.C., Norma Shaiara, principal, Washington, D.C. Dealing with missing participants is a big issue for defined benefit (DB) and defined contribution (DC) retirement plans. Sponsors of ongoing retirement plans (including frozen...Read More
15 Useful Weekly Stats for Financial Advisors: Week of July 16, 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 information...Read More