8 Strategies for Reducing Fiduciary Risk in Your Retirement Plan

When creating and maintaining your company’s retirement plan, you’ll want to do so in a way that creates the best outcomes for plan participants while reducing risk. To help you achieve those goals, we’ve outlined eight strategies that you can start following today. 1. Establish a...

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nervous business man hiding behind a desk Hey Eric, I’m Scared!

When I meet advisors who are considering moving to the RIA world, I hear a few recurring concerns and objections. The first is one that we’ve discussed before: Not wanting to make the effort. The second is what I’m here to talk to you about today: they’re just plain scared. If this...

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Hybrid Cars, Hybrid Dogs… What is a Hybrid RIA?

One of the most common misconceptions I hear from advisors who are thinking about getting out from under their current structure and moving to an RIA sounds something like this: “Eric, I am interested in joining an RIA, but about 40% of my revenue is still in transaction business that I...

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Saw in wood floor trying to steal a piggy bank Are You at Risk of a Lawsuit Because of Your Outdated Retirement Plan?

If you are a 401(k) plan trustee or plan administrator, you may want to take a good, hard look at your company’s retirement plan. It very well may be creating a liability for the business. In recent years, the Department of Labor (DOL) and ERISA have started cracking down on retirement...

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Choosing the Right 401(k) Plan Choosing the Right 401(k) Plan

As a fiduciary, choosing a 401(k) plan may sound like an easy task, but there are a few key decisions that need to be made before you can put the right plan in place.  When setting up any sort of retirement plan, you must first figure out which group of employees you intend to provide...

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Business people in a conference room smiling and shaking hands The Top Three Benefits of Working with Key Client Fiduciary Advisors

In my last few blog posts, I discussed the benefits of being an RIA, what to look for when joining, and the pros and cons of creating your own versus joining an established one. In this post, I’m going to share why I think Key Client is worth your consideration if you decide to head...

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business man idly watching the clock Are Financial Advisors Lazy?

My involvement in the recruiting world gives me many opportunities to chat with advisors of all stripes and sizes. In these discussions, I’ve noticed a common theme that continues to rise to the top: an overwhelming interest in becoming an RIA. Unhappy with their current circumstances,...

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Man staring a bar chart Fall 2019 Market Commentary

The stock market, as measured by the DJIA, has been in somewhat of a narrow trading range over the last few months – between roughly 27,200 on the high end and 25,500 on the low – as the positive news on the U.S. economy has been buffeted by the headline news on the trade war with China....

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Group of business people at a meeting What to Look for When Joining an RIA

In my last blog post, I spoke about creating your own RIA versus joining an existing one. Today, I’ll expand on the latter and offer guidance on what to look for when evaluating an RIA partner. It comes down to three key considerations: culture, services and cost.  Culture...

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A pen, a calculator and a piggy bank on top of financial papers Uncovering the Truth About 401(k) Admin Fees

There’s no denying that fees are a hot button topic surrounding just about anything – and 401(k) plans are no different.  It wasn’t until late 2012 that there was any regulation requiring the disclosure of fees to employees and plan sponsors, and even then 401(k) providers did a...

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Table of business team with abstract computer images as shadow How to Create a Retirement Benefits Program for Your Employees

Creating or revamping your company’s retirement package can be a daunting task—and one that should not be taken lightly. With so many moving parts and a variety of fiduciary liability factors to consider, many businesses don’t know where to begin. Below are three steps you can take to...

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Business woman shaking hands with another business person DIY Versus Joining an Existing RIA

Let’s say that you have crossed the Rubicon and have decided to go the Registered Investment Advisory (RIA) route with your franchise. The first major question every advisor will have to answer is whether to create your own RIA or to join an existing one. There are pros and cons to each...

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