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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 for fraud and embezzlement related to acts involving Vantage Benefits Administrators, the Dallas-based TPA subject of an FBI raid last year. (401kspecialistmag.com) 3. DOL Issues Regulations Regarding Multiple Employer Pension Plans – On October 22, 2018, the Department of Labor (“DOL”) issued a proposed regulation in response to President Trump’s August 31, 2018 Executive Order to remove...

Daniel Satchkov

25 Oct 2018

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 balance a budget, pay down debt efficiently, and other basic financial principles. Educating investors on how to properly manage their finances on a fundamental level can be just as important as helping them to properly invest their savings for retirement. In fact it increasingly seems like a bigger barrier to people saving for retirement than...

Daniel Satchkov

25 Oct 2018

What Can You Do As a Retirement Plan Advisor to Help Plan Sponsors?

According to Fidelity’s most recent plan sponsor attitude’s survey, we know that 92% of plan sponsors do use a plan advisor. It’s also been shown time after time, that having a financial advisor on the plan is a great benefit to sponsors and participants alike. So we’ve thought up some of the best ways that a financial advisor can help plan sponsors below. The right kind of guidance What retirement plan adviser can offer to plan sponsors is sharing the burden of responsibility by acting as either 3(21) or 3(28) fiduciary who will guide the plan sponsor to make a prudent selection of the funds, monitor the funds to manage...

Daniel Satchkov

24 Oct 2018

Larkspur-Rixtrema to Showcase the Larkspur Executive Tool at the Excel 401(k) Conference

Come meet us at this year’s Excel 401(K) The Advisors’ Conference, where we will be showcasing our recently released Larkspur Executive tool along with other advisor tools we have to offer. When? October 28th – 30th, 2018 Where? Caesars Palace, Las Vegas|Exhibit Hall: Milano| Table 6A. For a full map and where to find us click here. Growing your 401(k) business is about standing out from the crowd, getting your message in front of the decision-makers and delivering value. If there is a single step missing from that trio, the growth will not happen. From the merger of Larkspur Data and RiXtrema, a new kind of tool was born to help you with...

Daniel Satchkov

23 Oct 2018

Experts’ Views Concerning the Proposed DOL Rule to Expand Open MEPs

On Monday, Department of Labor proposed a new rule to allow small businesses to pool together to offer workers retirement plans. This can be seen as direct response to the executive order signed by President Trump on August 31st. Here is what experts had to say about the newly proposed rule and its impact on retirement plans: Labor Secretary Alexander Acosta: “Many small businesses would like to offer retirement benefits to their employees, but are discouraged by the cost and complexity of running their own plans. Association Retirement Plans give these employers a simple and less burdensome way to offer valuable retirement benefits to their employees.” “The proposed rule helps working...