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If you’re managing one or even several 401(k) retirement plans, it’s important to know what services plan sponsors really want and expect you to provide. Providing desired services obviously helps to strengthen client relationships and reduces the risk of takeover. If you’re prospecting for new business, one of the best ways to get your foot in the door is by positioning yourself as an expert in the areas that plan sponsors deem to be most important. Of course, one of the top concerns that plan sponsors now have relates to fiduciary liability. This was highlighted by Fidelity Investments’ “2017 Plan Sponsor Attitudes” study, revealing that close to 4 in 10...

Daniel Satchkov

27 Jul 2018

5 Articles for Your Weekend Reading List: July 27, 2018

Here are five suggested articles to read this weekend: 1. Thoughts on Income and Wealth – An interview featuring Dana Larsen of Senior Finance Advisor, a website dedicated to helping individuals plan for their wealth management goals and aligning them with advisors to do so. (Getting Your Financial Ducks In A Row) 2. The Efficiency Benefits Of Niching From The Start To Launch An Advisory Firm – The article dicusses challenges that financial advisors face when starting a new financial planning practice as well as ways of achieving success from the start. (Nerd’s Eye View | Kitces.com) 3. Good Communication May Help More Participants Meet the Match – Survey after survey seems to reflect the increasing number of retirement plan participants...

Daniel Satchkov

27 Jul 2018

Social Media Use Driving Business for Financial Advisors

A recent article in Business Wire, indicates that social media is a driving factor behind personal success for financial advisors. In fact the small percent of advisors that still do not utilize social media resources have a lower success rate when it comes to total assets as well as client acquisition. This information is backed by a study involving over 1000 advisors. Here are a few interesting statistics to keep in mind: Two-thirds (67%) of advisors find that it is easier to share information with clients Nearly six in ten (59%) report having more frequent communication with clients overall, although 38% say they connect less frequently by phone or in...

Daniel Satchkov

26 Jul 2018

Featured Podcast: Larkspur-RiXtrema CEO discusses advisor tools that enable them as fiduciaries

Larkspur-RiXtrema CEO Yon Perullo discusses U.S. advisor tools that enable them as fiduciaries and those that help their businesses. Listen to the full podcast featured on The Fintech Impact Podcast channel here: Rixtrema

Daniel Satchkov

25 Jul 2018

Must-Know Features of the 401kFiduciaryOptimizer Performance Report

Here are the most distinctive features of the 401kFiduciaryOptimizer Performance Report: 1. You can actually track the performance history for the funds of the original 401(k) plan line-up, and compare it with the track record of the cheaper highly similar funds provided by the system: 2. You can check performance rating based on their benchmark fund history. The benchmark can be changed to any other security from the database: 3. You can take a look at the performance graphs showing the actual movement of fund assets within 1, 3, 5, or 10 year period of time: