Read about Prospects of Wealth 2.0 in “The Latest In Financial Advisor #FinTech for July 2018”
The latest article by renowned advisor expert Michael Kitces on FinTech trends titled The Latest In Financial Advisor #FinTech for the month of July 2018, talks about the latest 2-in-1 tool for financial advisors from Larkspur-Rixtrema: “…RiXtrema, a portfolio stress testing tool that has increasingly focused into the 401(k) space by building out a “401(k) Fiduciary...Read More
Top 5 Larkspur-Rixtrema Blog Posts for June 2018
5. Top 5 Larkspur-Rixtrema Blog Posts for June 2018. An Exclusive Case Study from Larkspur-Rixtrema. Lets examine one of the plans from the 401kFiduciaryOptimizer tool.…Continue Reading 4. The Key Benefits of 401kFiduciaryOptimizer. The thing that most financial advisors struggle with is differentiating themselves from the competition. The analysis provided by the 401k Fiduciary Optimizer...Read More
Here’s What People Are Saying About State Fiduciary Rules
It’s been a while since the battle between federal fiduciary rule advocates and the financial services industry started. The U.S. Department of Labor rule is designed to oblige financial advisors to act in the best interest of clients when providing advice on investments in retirement plans. But it is an open question whether the rule...Read More
Q&A: 403(b) Plans and Puerto Rico
Q. Our current pre-approved 403(b) plan does not exclude residents of Puerto Rico, but our PPA defined contribution plan does. Does the Puerto Rican tax code provide for 403(b) plans? Do we exclude them in a U.S. based 403b plan based on the U.S. tax code? But if we do, do we violate universal availability...Read More
Your 1 minute case study on 401K Retirement Plans: A huge potential to save
An Exclusive Case Study from Larkspur-Rixtrema Lets examine one of the plans from the 401k FiduciaryOptimizer tool. For example, if we take a look at VEEAM SOFTWARE CORPORATION 401(K) PLAN, we can see a huge potential to save from taking another look at the alternative funds that the Plan Sponsor can choose from. In this...Read More
A List of Issues Found in 403b Plans
SOURCE Compiled from lists published by the IRS, DOL and Auditors, here are 10 items to check and review to make sure your 403b plan is operating in line with IRS and DOL expectations: 1. Universal Availability Issues: a. Excluding “part time” employees without using or having the 20 hour rule in the plan document...Read More
How to Enhance Your 401(K) Plan Practice as a Retirement Plan Advisor
There are a few keys to enhance/optimize your 401k practice. Today we will take a look at four components that will streamline your business towards success if utilized correctly. Consistency Too many people dabble in the 401k market and wonder why they have limited success. 401k prospecting is like an exercise routine. If you do...Read More
Five New Members Announced to the 2018 ERISA Advisory Council
Source WASHINGTON, DC – Today the U.S. Department of Labor announced the appointments of five new members as well as chair and vice chair to the 2018 Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council. “The ERISA Advisory Council advises the Department’s work in enhancing and preserving the health...Read More
15 Traits No Financial Advisor Should be Without
1. Be sure to have a good reputation. Getting a strong referral from a past client can be a sign that people feel comfortable enough to recommend your services to other. A consistent track record will help build your reputation through referrals for years to come 2. Utilize a deep analytical ability. Successful financial advisors...Read More
5 Quick facts on why AnnuityOptimizer will make you a trusted advisor
Here are the 5 Quick facts on why AnnuityOptimizer will make you a trusted advisor: AnnuityOptimizer Demonstrates fees and projected cash flows for variable, fixed, fixed indexed annuities Compares any type of annuity to any other type or to a taxable portfolio For example, demonstrate the cash flow and Internal Rate of Return impact of switching...Read More