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Here are a few quick facts on how Larkpur-Rixtrema tools will help you become a better fiduciary because: 1. Larkspur-RiXtrema tools will help you get a better understanding of the current 401(k) plan provided by the employer. 2. With the help of 401kFiduciaryOptimizer you’ll be able to get your plan diversified in the best possible way, so it won’t be losing money in case of the worst economic scenario. You will also be able to improve plan menu diversification by examining the diversification of your plan investments on a look-through basis as required by the 404(c) provision. 3. Portfolio Crash Testing will show you how risky the current retirement plan...

Daniel Satchkov

18 Sep 2018

Follow These 4 Simple Steps to Win Over Prospects and Grow your Practice

Over the years we have developed an extensive database of 401K plan menus and the contact information for executives that work at the plan sponsor. By combining this information with our Portfolio Crash Testing (PCT) tool, you have a powerful prospecting platform that gives you the ability to tailor a unique pitch. Here’s how it works: For most advisors, winning new business is one of their toughest jobs. With an estimated 250,000 advisors prospecting the same leads that you are, it can be difficult to stand out from the pack. So how can you start a conversation that helps you differentiate your value proposition from other advisors? At Larkspur-Rixtrema we...

Daniel Satchkov

17 Sep 2018

15 Weekly Stats: Week of September 17, 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 for The BluePrint Insurance Services: Matt Meyer Co-Founder 424.387.4143 MMeyer@tblueprint.com Michael Robinson Co-Founder 619.404.3038 MRobinson@tblueprint.com Site: https://www.tblueprint.com

Daniel Satchkov

17 Sep 2018

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 to slip back into old habits. I was talking to one of our customers about this recently. As a top producer with many years of experience, he agreed that breaking into the qualified plan business doesn’t have to be a full-time job. In fact, you can get started by just dedicating a few minutes a...

Daniel Satchkov

17 Sep 2018

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 still be hesitant to take your call and listen. At Larkspur-RiXtrema, we have built our software, 401kFiduciaryOptimizer, to help you do just that, but we also know that there is a bit more to the process when it comes to reaching out to these plan sponsors. We’ve put together a few strategies to consider when...