Blog

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...

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...

Are You at Risk of a Lawsuit Because of Your Outdated Retirement Plan?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...

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...

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...

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,...

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...

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...

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...

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...

Benefits of Being an RIA

Having been part of the financial services industry for 40 years, I have seen many changes. The arrival of discount brokers, the creation of "no-load" mutual funds, increased market volatility and industry consolidation (where have you gone EF Hutton) to name a few. More recently, I...

401k – A Powerful Tool for Human Resources

In today’s work environment, one of the biggest struggles employers face is acquiring and ultimately retaining talented employees.  No owner wants to worry about whether their top sales rep or executive is going to leave for a more attractive opportunity.  While it is impossible to...