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Here are five suggested articles to read this weekend: 1. 401k Advisors Who Ignore Financial Wellness Risk Losing Business – 401k plan participants want help getting their finances in order, and plan sponsors have taken notice. Citing concerns over employees who are financially stressed and failing to save enough for retirement, employer sponsors are more interested in financial wellness programs than ever. (401kspecialistmag.com) 2. Millennials In Search Of Advisors– Millennials need assistance planning for retirement, but many advisors do not want to work with young people who have few assets. The solution may be for the young people to reach out to their parents’ advisors for help, said Len Hayduchok, president...

Daniel Satchkov

16 Aug 2018

Article Review: Rules Every Professional Fiduciary Must Follow

Being a fiduciary can be a deciding factor in the minds of many people who will be looking for the financial advisor since it would a sigh of relief to know that the person who you entrust your money with will be acting responsibly to protect your interests and your capital. As a matter of fact, there are a lot of different size RIAs and broker-dealer firms who will continue to put together a compliance process shaped by the fiduciary rule to make themselves different from others and to appeal to people who are looking for the best advice. Being a good fiduciary is not only about creating a solid...

Daniel Satchkov

16 Aug 2018

Selection of 401k Advisors through quantitative and qualitative measures

Fred Barstein in his short Fred TALK video explains the best strategies for picking a good financial advisor for your 401(k) or 403(b) plan. He says that both quantitative and qualitative measures should be considered. On the quantitative side, you should check experience (assets, number of plans, and years in the business), ability to act as a co-fiduciary, and focus on your plan size. The qualitative side includes ethics, leadership, and impact. These three aspects stand for the reputation of your financial advisor. Looking at things like: if they have had any violations, if they stepped up in a crisis, if they’re proactive or not, and finally if their ideas...

Daniel Satchkov

15 Aug 2018

5 Things You Can Do Right Now to Be a Better Financial Advisor

How can one excel above the competition as an advisor? Here are five things you can start doing right now to become a better financial advisor and in turn grow your business: 1. Avoid Conflicts-of-Interest If you as an advisor are looking to serve your clients for a long time making a career out of it, it is best if you follow this simple but very important rule in your practice. If the interest of your clients is your primary concern, then selecting and advising on any investment product will be clear to you. Time after time, the advice given to a client, that benefited him, will help to build...