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For this week’s Larkspur-RiXtrema case study, we’re going to take a look at a plan’s investment menu and how we can improve on it’s diversification to satisfy 404(c) requirements. By default, the 401kFiduciaryOptimizer will build a proposed plan menu of quantitatively similar funds that are low cost. However, using the 404(c) Diversification report, we can build a plan menu that is not only lower cost, but improves on the original plan’s diversification. In our example, we are looking at a sample proposed plan for the BEHAVIORAL HEALTH GROUP EMPLOYEE 401(K) PLAN. Our starting point for diversification in this plan is a very low score of 35. To improve...

Daniel Satchkov

28 Aug 2018

15 Weekly Stats: Week of August 27, 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

24 Aug 2018

5 Articles for your weekend reading list: August 25-26, 2018

Here are five suggested articles to read this weekend: 1. More Young Participants Committing 401k Faux Pas – Early withdrawals from 401ks and other retirement accounts are on the rise among younger Americans, many of whom seem to have a skewed perception of what it takes to retire successfully. (401kspecialistmag.com) 2. Advisors Gaining Access To Clients’ Digital Assets – Financial advisors have always had to push clients to keep wills and estate plans up to date. In today’s online world, advisors have an added duty: to make sure that if a client dies his or her digital assets are in order and accessible. (fa-mag.com) 3. How The Dunning-Kruger Effect Holds Good Financial Advisors Back – The...

Daniel Satchkov

24 Aug 2018

What SEC Best Interest Proposals Mean for Investment Advisors

In April, the Securities and Exchange Commission issued three proposals concerning the standards of care for investment advisors and broker-dealers. RIAs should review and understand these proposals because they may, if finalized, make material changes in the regulation of investment advisors and will introduce a new, and potentially confusing, best interest standard for broker-dealers. While the RIA Interpretation is consistent with recent statements and enforcement activities by the SEC, it may require changes by RIAs—particularly concerning disclosures of conflicts of interest. The Interpretation is a statement of the SEC’s current positions on RIA duties. It would be a tactical mistake to view this only as a proposal and to defer...

Daniel Satchkov

23 Aug 2018

Video: Learn About Portfolio Crash Testing in 4 Minutes

Stress test your clients’ portfolios. Learn how to educate clients about risk/return tradeoffs. Gain new clients by showing prospects the risks that they face and the return potential in one simple screen. Portfolio Crash Testing is a tool developed for advisors who want to raise their game. Watch the video below to learn how: