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Image Source: https://kinsta.com/blog/2018-year-in-review/ The biggest news of 2018 is fully completed merger of RiXtrema and Larkspur Data Resources into one company, Larkspur-RiXtrema. Both companies were well known in the advisory industry for providing great analytics and reporting to advisors working in the retirement planning business, portfolio and risk management, and IRA management. With combined strength and talent, Larkspur-RiXtrema continues to develop the best, cutting edge technology to help advisors to provide accurate and timely advice to their clients. Here are just a few highlights from this year, and a word about the year ahead from Larkspur-RiXtrema president, Daniel Satchkov. Merger Early on in 2018, John Sullivan of the 401kSpecialist published an article describing...

Daniel Satchkov

21 Dec 2018

7 Exclusive Case Studies on 401K Retirement Plans for Financial Advisors

Here at Larkspur-RiXtrema, we firmly believe that our software tools are extremely powerful and can help out advisors in so many ways. Here are a few case studies we’ve done this year to demonstrate some of the cutting edge abilities of our software in action. 1. A huge potential to save 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 example, the alternative funds are selected from the Open Architecture....

Reasons Why Advisors Should be Using More 401k Fintech Tools

Daniel Satchkov

20 Dec 2018

Reasons Why Advisors Should be Using More 401k Fintech Tools

With the new millennia we crossed the point of no return where technology will be driving growth and prosperity. It is easy to see it happening all around us almost every day. There are new Google, Amazon, Netflix, Uber like companies that appear in different corners of the world. Some will stay and some will go, but we can say for sure that new technology will continue to be developed and it will drive our existence forward in all its aspects. There are different technologies in different industries and the advisory business is one of the booming areas of technological development. New technology in account aggregation, portfolio management, robo-advisory...

Daniel Satchkov

19 Dec 2018

Why Your Business Needs to Analyze Financial Literacy Trends

There are some rules attached to better money control. Following the rules will lead to more stability in your clients’ lives, and eventually will affect other areas of their life such as mental health, physical, spiritual and socio-emotional well being. Financial well being will help people strengthen their coping ability and resiliency, and will reinforce their mental health. The basic principle behind each rule is the same: your clients need to have a plan for how they spend their money. The life of a human being is about balance. It’s not about taking it all or you get nothing. And of course, it’s not about spending your life in...

Daniel Satchkov

17 Dec 2018

What is the Fiduciary Outlook for Financial Advisors in 2019?

While 2018 had the end of the DOL rule, it doesn’t mean that regulation for 401(k) plans and advisors has gone away. With the SEC’s rule incoming in 2019, and some vigorous enforcement of current rules, fiduciaries do need to stay on their toes. Things to Keep in Mind Based on recent research and opinions of Financial Industry Regulatory Authority, the following trends should be considered by fiduciaries in 2019: Large companies will keep on getting bigger, more companies with over $1 billion value will come into the market; New and low-cost advisory offers will emerge, so make sure you monitor the market properly; Modern IT technologies will become more...