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6 Best Practices In Client Communication For Financial Advisors

In our modern world, there are tons of ways to keep up with your clients and even prospects, and we’ve thought up a few ways below for you to keep in mind. Whether it’s their preferred means of communication or what you should be talking about with them, we hope you’ll find some of our strategies below useful...

Daniel Satchkov

15 Apr 2019

3 Reasons Why Google’s Days May be Numbered: A Book Review of Life After Google by George Gilder

George Gilder, as an investment expert, certainly had his ups and downs with an emphasis on downs. He is remembered by many for his wild eyed predictions of ‘making a killing’ in this or that dotcom in 1999. He led his readers to a painful near wipeout in 2000. However, that is not how history will remember him. He will be remembered as a technologist who had the uncanny ability to see beyond the next turn. If you need to be convinced of this, just read this quote and try to guess when it was written: “…the dominant traffic of the future will be store-and-forward transmission of digital data among...

Gennady Prokofyev

11 Apr 2019

Case Study: Working with Non-Audited Plans in 401kFiduciaryOptimizer

The Ask The 401kFiduciaryOptimizer is a great tool to analyze 401(k) plans, but it works mostly with audited plans with a Schedule H (Schedule of Assets) attached to their most recent form 5500. But does it really mean that there is no way we can analyze non-audited plans considered for less than 100 participants? The Problem Well, technically speaking, the system will not show any smaller plans on the Plan Screener page if they’re not audited. Simply because it can’t operate with data, which is not made publicly available. But if you’re in good relations with a plan sponsor, or if you could get hold of their plan assets for...

Daniel Satchkov

11 Apr 2019

DOL Rule Fiduciary 2.0: What’s happened and What’s coming?

The fiduciary rule was initially supposed to be implemented on April 10, 2017 with a phasing-in period until January 1, 2018. Meanwhile, after the President Trump took office, he requested the rule to be reviewed. Then the implementation was pushed back to July 2019.

Gennady Prokofyev

09 Apr 2019

Funding a 401(k) Vs. IRA: Which is More Preferable?

Choosing the right strategy for retirement savings is a challenge. Jamie Hopkins, the Director of Retirement Research at Carson Wealth, provides a clear cut comparison of the two most popular saving options: individual retirement account (IRA) and 401(k) profit sharing plan. Since 401(k) is employer-sponsored it provides many advantages, such as, the ability to purchase employer securities inside the plan, after-tax contributions, etc. Moreover, most plans today go through automatic enrollment, which means you’ll be enrolled into a 401(k) plan of your company as soon as you join it for some deferral percent of your salary. If you don’t have a 401(k) plan you can always consider an IRA for...