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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 interest and money. 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. The best practice in line with the fiduciary rule will be an...

Alexandr Starodubtsev

24 Jul 2018

Why Having a Fiduciary Process In Place Is Important

We all have witnessed the ongoing battle in the DOL fiduciary rule process. The regulation was initially created under the Obama administration. However, in Feb. 2017, President Trump issued a memorandum that attempted to delay the rule’s implementation by 180 days. In late May 2017, newly appointed Labor Dept. Secretary Alexander Acosta confirmed that the fiduciary rule would not be delayed beyond June 9. Full implementation of all elements of the rule had been pushed back to July 1, 2019. Before that could happen – on March 15, 2018 – The Fifth Circuit Court of Appeals vacated the fiduciary rule in a 2-1 decision, saying it constituted “unreasonableness,” and that...

Daniel Satchkov

23 Jul 2018

15 Weekly Stats: Week of July 23, 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

23 Jul 2018

The Benefits of Having a Strong 401k Plan

The Plan Sponsor University (TPSU) held a Fiduciary Education Program in Denver, Colorado at the University of Denver. Among the program topics discussed during the TPSU Program was the benefit of having an executive management team understand the benefits that a strong 401k Plan can bring to the employees and the company. At the conclusion of the TPSU Program, Fred Barstein, TPSU Founder and CEO, interviewed Marty May, President and Chief Executive Officer of Solera National Bank, headquartered in Denver, Colorado. The company’s executives recognize that offering employees a good 401k plan not only prepares employees for their retirement, but it also delivers returns to the organization in the form...

Daniel Satchkov

23 Jul 2018

What it means to excel as a trusted financial advisor

Financial advisors should always keep in mind that pumping their sales is not the ultimate goal. It always feels good to be a winner when it comes to sales and having contracts settled one-by-one is a dream of every financial advisor. But remember those who cross the finish line in a marathon race, are not necessarily those who run at high speeds. Your sales will be a natural outcome of your professional approach in finding out and understanding the needs of your leads and clients. It is important to have a strong belief that the next lead you come across will be a unique, one of a kind person, and that...