Best Practices for Cleaning Up the Asset Manager Clutter

Posted by David Prendergast

July 31, 2018 at 10:00 AM

Have you made the choice to outsource investment management? If so, you are well aware that the number of managers and strategies being used can expand to the point where ongoing due diligence is a challenge. Plus, different investment instruments may require various levels of attention. For example, a separately managed account (SMA)—which we will focus on here—does not have a prospectus and qualifies for more frequent monitoring.

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Topics: Asset Management & Investing

Is Forming a Business Partnership Right for Your Firm?

Posted by Angela Sarver

July 25, 2018 at 1:30 PM

If I asked you to define partnership, what would you say? It’s a challenging question because partnerships mean different things to different people. For many advisors I speak with, a partnership is a structure that provides certain benefits. Specifically, it allows them to expand scale and capacity, maximize operational efficiency, create economies of scale, foster redundancy of skill sets, and establish a firm identity rather than one based solely on the personality of the founder.

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Topics: Practice Management

The Secret to Time Management: Understanding What Motivates You

Posted by Kristen Terpstra

July 24, 2018 at 10:00 AM

With summer underway and your clients on vacation, you book time to tackle the projects you had set aside during busier months. But when that Monday after a summer weekend arrives, you have to muster up the energy to begin working on the jobs you’ve been putting off. Whether you have a simple list of tasks—such as updating client reports—or a longer-term project—such as rewriting website content—getting started can be a challenge.

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Topics: Practice Management

Finding the Right Retirement Plan Recordkeeper for Your Client

Posted by Thomas Crutchfield, CFP, AIF, PPC

July 18, 2018 at 1:30 PM

It’s a common misconception that all retirement plan recordkeepers are the same. But in my view, each provider has differentiating strengths to consider. If you choose a recordkeeper without taking into account all of the interested parties, you may end up with a recordkeeper who doesn’t meet the needs of the plan participants, the third-party administrator (TPA), or your practice—which is ultimately not the best choice for your client, either.

Set your client up for success from the start with this four-step process for finding the right retirement plan recordkeeper.

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Topics: Retirement Consulting

Should You Partner with a 3(38) Fiduciary Service Provider?

Posted by Mathew Powers, CFA, AIF

July 17, 2018 at 10:00 AM

As a retirement plan advisor, should you partner with a 3(38) fiduciary service provider? Here, we’ll consider the benefits of this type of partnership, as well as important factors to keep in mind when making this decision. But before we dive in, let’s start by looking at the defining characteristics of a 3(38) fiduciary.

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Topics: Retirement Consulting

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