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Bob Veres researches DOL Fiduciary Rule software solutions and finds that “Arguably, the most comprehensive DOL Rule solution is IRAFiduciaryOptimizer, offered by RiXtrema”. Here is a link to his study: http://www.advisorperspectives.com/articles/2017/01/23/dol-fiduciary-compliance-part-ii-the-most-comprehensive-solutions-for-ria-firms

Daniel Satchkov

10 Jan 2017

RiXtrema in Journal of Fin Planning: DOL Rule Compliance & a Secret Revealed…

Journal of Financial Planning ran a very interesting cover story on advisor technology. RiXtrema’s Don Harding and Daniel Satchkov both answered questions for the magazine. Daniel talked about crucial components of the DOL Fiduciary Rule Solution and Don has revealed the best tech investment for an enterprise under $100. Here is Daniel’s reply to the question – “How your solution helps firms comply with the DOL Rule?”: Daniel: “IRAFiduciaryOptimizer facilitates the straightforward creation of reports proving a rollover is in the investor’s best interest. It uses quantitative measures—fees, back-test performance, risk-adjusted returns, portfolio risk versus risk tolerance; and qualitative measures— additional services provided by the adviser versus the current 401(k) portfolio....

Daniel Satchkov

06 Dec 2016

Michael Kitces covers RiXtrema’s IRAFiduciaryOptimizer and FeeComp database

When we started building tools for advisors after working collectively for decades on software to institutions, I read Michael Kitces almost every day as a way to immerse myself into the issues advisors face. Michael has a way of writing that is intellectual, but clear and concise. That is why I am pleased he mentions us regularly in his articles. The latest one is on FinTech trends and discusses the IRAFiduciaryOptimizer and the FeeComp advisor fee benchmarking database that is available as part of that DOL Fiduciary Rule compliance solution. Read Michael Kitces’ The Latest In Financial Advisor #FinTech (November 2016)

Daniel Satchkov

16 Nov 2016

Now You Can Compare Your Fees To Other Advisors

Hi all, We have released a novel and important database of advisory fees called FeeComp. It is based on SEC form ADV data. We have solved the main problem with that form, namely that fees are reported in Part 2, which essentially is a free form essay i.e. unstructured and very hard to read automatically. Some combination of new technologies and our knowledge of statistics helped us solve that problem though. Now you will be able to compare your fees to other advisors in a similar region, with similar clients, offering similar services. The FeeComp has an important application in our DOL Fiduciary Rule solution – the IRAFiduciaryOptimizer. New regulations make...

Daniel Satchkov

25 Jul 2016

Some Exciting News To Share: 401kFiduciaryOptimizer Is Selected For Fiduciary Certification by CEFEX

401kFiduciaryOptimizer has only been around for 3 months and is already making major waves in the industry. Dozens of advisory firms are using it to take their fiduciary practice to the next level and to grow their business significantly. Now, 401kFO tool has been selected by Centre For Fiduciary Excellence, LLC, an independent certification organization owned by fi360. Managing Director of CEFEX Carlos Panksep said of the relationship, «CEFEX certification demonstrates that advisors use the industry’s best practices. Our collaboration with RiXtrema adds new practical evidence to the CEFEX assessment and increases the certification value proposition» We are not resting on these laurels and are continuing to add major enhancements...