More Lawsuits Mean Even More Problems for Stubborn Plan Sponsors
Excessive fee lawsuits now are a common occurrence throughout the financial industry. Every week you can hear about a major university or company pension plan being sued by the participants. However, the one thing that keeps on surprising us is the stubbornness of the plan sponsors to understand during the committee meetings that their duty of loyalty is to the employees, not to the company.
How financial avisors can help clients overcome student debt
Having student debt is one of the number one reasons that millennials are discouraged from saving for retirement right away, and for good reason. Student debt is a massive contributor...Read More
Why is QDIA Important?
I agree with the author of “Are Qualified Default Investment Alternatives (QDIAs) Good, Bad or Lazy “Choices”?” that QDIA should be an important component of any retirement plan. Besides the...Read More
Larkspur-RiXtrema Year in Review 2018: News, New Tools for Advisors and More…
Image Source: https://kinsta.com/blog/2018-year-in-review/ The biggest news of 2018 is fully completed merger of RiXtrema and Larkspur Data Resources into one company, Larkspur-RiXtrema. Both companies were well known in the advisory industry...Read More
Follow These 4 Simple Steps to Win Over Prospects and Grow your Practice
Over the years we have developed an extensive database of 401K plan menus and the contact information for executives that work at the plan sponsor. By combining this information with...Read More
Here’s What People Are Saying About State Fiduciary Rules
It’s been a while since the battle between federal fiduciary rule advocates and the financial services industry started. The U.S. Department of Labor rule is designed to oblige financial advisors...Read More
Financial Predictions for 2024
New Year, New Economy Major financial and geopolitical risks loom over the global economies, but there is little consensus about the outlook for 2024. Nowhere is this clearer than among the...Read More
AI Tools Transform Finance
AI Transforms Finance Artificial intelligence (AI) tools have had a significant impact on the finance industry. They have upended finance in many different ways. Automated Trading: AI algorithms can analyze...Read More
Rise of Fintech Startups: Transforming Traditional 401(k) Plan Advisory Services
Retirement planning has become a paramount concern for individuals seeking financial security in their golden years. Among the various retirement savings options available, 401(k) plans have gained significant popularity in the corporate world.
Is Your 401(k) Safe From a Banking System Collapse? And how can you protect it?
The failure of several banks and the ensuing market turmoil has put investors on edge in the past week. While regulators and the Biden administration have tried to quell the concerns of jittery American consumers, the ripple effects are continuing to rattle the economy and many questions remain.