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A recent Tearsheet article, mentions a new startup whose primary focus will be to help clients find digital investment products while incorporating a robo-advice model into its strategy. One of the interesting features of the company includes an artificial intelligence chat bot which will offer a personalized experience to all its users. The company promises to deliver advice to clients on investment products which will be individually tailored to each client’s needs and specific situation. However, the article goes on to discuss the drawbacks including the fact that ” it might be a tougher sell for large companies that cater to wealthier customers” and that “digital advice investment recommendation engines that...

Daniel Satchkov

09 Apr 2018

Grow Your Plan Sponsor Business with 401kFiduciaryOptimizer, an Innovative Retirement Plan Diagnostics Tool (Financial Advisor Magazine)

RiXtrema found that plan sponsors and their advisors can save billions for the participants, Financial Advisor Magazine writes. You can unlock your share of that and grow your plan sponsor business with 401kFiduciaryOptimizer, an innovative retirement plan diagnostics tool. http://www.fa-mag.com/news/retirement-plan-members-could-be-saving-billions–says-rixtrema-31178.html

Daniel Satchkov

09 Apr 2018

You Need a Process To Win More Plans

Growing your 401(k) business is about delivering value, plain and simple. If you demonstrate unique value in your proposal by optimizing the costs and benefits of a retirement plan, then you can easily justify your fees. But what do you with that great analysis when the CFO or signed administrator doesn’t respond? How can you find out who you need to get in touch with? Finding the right decision maker for a retirement plan can be an exhausting and difficult process. This is why we released Larkspur Executive, a joint effort by the newly merged RiXtrema & Larkspur. The database contains 1.2+ million plan executives with social network profiles, other...

Daniel Satchkov

27 Mar 2018

The DOL’s Fiduciary Rule: Where Will We Go Now?

Much has been speculated about the Fifth Circuit Court of Appeals ruling last Thursday to vacate the Fiduciary Rule, perhaps most notably the fact that the decision really only applies to the Fifth circuit; that is, Texas, Louisiana and Mississippi. On the afternoon just after the decision was reached, InvestmentNews reported, “While some ardent opponents of the rule might be celebrating the latest twist in the DOL rule saga, most of the fans and critics of the rule are convinced the fiduciary debate is just getting started.” Though the exact language of the rule may be under scrutiny and even subject to complete overhaul, awareness and the overwhelming demand for...

Luke St. Angelo

15 Feb 2018

More Lawsuits: Ripple Effects from Tibble v. Edison

Late last summer, the U.S. District Court judge in the landmark 401(k) fee case, Tibble v. Edison, brought 10 years of legal wrangling to an end when he ruled in favor of the plaintiffs. The ruling in the Tibble case solidifies the requirement to monitor the investments offered in an ERISA plan, and in particular, the decision reaffirmed that plan participants should be offered the lowest cost share class available when prudent. Using the analytics in our 401KFiduciaryOptimizer, we have long known that the Edison plan was not unique in offering higher priced share classes when lower priced share classes are available. With so many lawsuits claiming fiduciary breaches, we...