Feeling a bit like you've got 404a-5 participant fee disclosure overload? You're not alone. But as noted by Legacy Retirement Solutions, the controversial (and paper-heavy) rules are indeed on the... Read More
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Practice Management
BY Marcus Chandler | 7/24/2013
If an employer is seriously considering hiring your firm to manage their retirement plan, at some point in the sales cycle, chances are they will ask you for references. It goes without saying that... Read More
BY NAPA Net Staff | 7/23/2013
Last week’s top 5 most-read stories on NAPA Net reflected keen interest in a Yale Law professor’s letter to thousands of plan sponsors, the fast approaching 2013 requirement for fee disclosure,... Read More
BY Rick Meigs | 4/16/2013
A new report from the Retirement Advisor Council shows plan sponsors continuing to use formal RFP searches to find the right retirement advisor. According to the study, “What Type of Financial... Read More
BY NAPA Net Staff | 4/4/2013
The younger generation of advisors seems to be doing better than their Baby Boomer peers, according to research conducted in 2012 involving 1,200 plans ranging from RIAs to wirehouses. On average,... Read More
BY NAPA Net Staff | 3/8/2013
When it comes to prioritizing advisor performance metrics, client satisfaction rates usually come in at or near the top of the list. But what’s the best way to go about getting that kind of... Read More
BY NAPA Net Staff | 3/6/2013
In today’s world of compressed fees, more competition, and clients’ laser focus on managing costs, there are two keys to maintaining a profitable practice, according to Sue Kelley of Ann Schleck... Read More
BY NAPA Net Staff | 2/21/2013
Fee or commission — what’s the best business model? According to research by Cerulli, it appears that the answer is “both.” The AUM of so-called “hybrid” advisors who can earn both fees and... Read More
BY NAPA Net Staff | 1/2/2013
Even if you hate New Year’s resolutions, they can be useful for setting goals over a reasonable period of time. Here are 10 good ones for plan advisors, from the SEI Advisor Network:• Make sure that... Read More
BY NAPA Net Staff | 12/31/2012
Editor’s Note: A number of recent studies clearly demonstrate the importance of the work done by “face-to-face” financial advisors, in terms of the success and results of the account balances in 403(... Read More
BY Rick Meigs | 12/27/2012
Entrepreneur magazine ran a short article that serves as a valuable reminder about how to make the most of this holiday workweek between Christmas and New Year's. Author Lisa Evans lays out six good... Read More
BY NAPA Net Staff | 12/18/2012
With advisors aging, where will the next crop come from? Success rates at major brokerage firms can be as low as 30%, and it can be harder for smaller firms that do not have the resources or time to... Read More
BY NAPA Net Staff | 12/10/2012
Mistakes are an important part of the employee learning process, but they definitely represent risk to a financial services practice. How you train and manage your employees, including how you handle... Read More
BY NAPA Net Staff | 11/30/2012
Some liken the recent fee disclosure regs and the preparation for them to Y2K – others say it has just been a big waste of paper. Regardless, it's not going away, and fees and transparency are front... Read More
BY NAPA Net Staff | 11/16/2012
When all is said and done, Hurricane Sandy will probably weigh in as the second most costly storm in U.S. history. As the Northeast slowly struggles to return to normal, relief and recovery efforts... Read More
BY NAPA Net Staff | 11/15/2012
The end of the year brings lots of lists. Following up on yesterday’s “Case of the Week” question about notices due by Dec. 2, the law firm of Snell... Read More
BY NAPA Net Staff | 11/8/2012
Describing Tuesday’s national and state elections as a “status quo election,” NAPA’s Executive Director and Washington insider Brian Graff notes that, despite spending about $5 billion on this year’s... Read More
BY NAPA Net Staff | 11/5/2012
The winner of the 2013 NAPA 401(k) Advisor Leadership Award may be reading this right now. Is it you?This annual leadership award recognizes the efforts of advisors to:• serve their clients (plan... Read More
BY Fred Barstein | 10/25/2012
Almost all advisors who have worked in the DC market for even a few years acknowledge that they are functional fiduciaries, even if their broker dealer or insurance policy does not allow them to be... Read More
BY NAPA Net Staff | 10/24/2012
Is long term care insurance a long time gone? In the wake of a skeptical report by Moody’s and a dramatic price increase by one of the major carriers (driven by higher-than-expected medical costs and... Read More
BY NAPA Net Staff | 10/19/2012
By Timothy D. Rice
Our industry is notorious for churning out large reports for investment committee meetings that, for all intents and purposes, are thrown by the wayside an hour or two after the... Read More
BY NAPA Net Staff | 10/19/2012
The Internal Revenue Service announced on Oct. 19 the annual cost-of-living adjustments affecting dollar limitations and thresholds for pension plans and other retirement-related items (i.e., IRAs,... Read More
BY NAPA Net Staff | 10/17/2012
At a NAPA-hosted webcast on Oct, 16th, presenters focused on the challenges and action items surrounding 404a-5 disclosures and offered ways for advisors to add value for their clients. Key take-... Read More
BY NAPA Net Staff | 10/17/2012
What’s driving cost cutting by mutual funds offered to retirement plans? Some might say disclosure, but there may be other drivers at work, like technology and market pressure. Many of the... Read More
BY NAPA Net Staff | 10/16/2012
Most DC plans do not even have an Investment Policy Statement (IPS), which is debatedly required. So do we need another document that could potentially create liability? The answer is laid out... Read More
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