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...
Read MoreWhen 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...
Read MoreOne 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...
Read MoreIf 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...
Read MoreAs 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...
Read MoreIn 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...
Read MoreMy 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,...
Read MoreThe 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....
Read MoreIn 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...
Read MoreThere’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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