Trusteed IRA SmartIRA

Trusteed IRA – A quiet and powerful Client solution

The IRA market has grown substantially over recent years as the baby boomer generation prepares for retirement. With nearly 40.4% of all American households investing in at least one IRA, total IRA assets topped $8.5 trillion in the third quarter of 2017.[1] This amount represents more than a 30% of the total $27.2 trillion retirement market in the United States and has grown at an average rate of 7.4% percent annually since 1990.[2]. A Trusteed IRA opens a solution for clients and advisors.  The IRS has accepted our Trusteed IRA solution which is called the SmartIRA™.

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Directed Trusts Made Simple

Most financial advisors are well aware of what directed trusts can do for them and their clients (e.g. increase AUM). However, with dozens of directed trust companies out there competing for attention (and business), the “noise” out there can prevent the really important benefits of these vehicles from getting through to advisors.

The critical thing to keep in mind is that the trust industry is undergoing a quiet revolution that has wrested control of trust accounts away from traditional trustees—primarily in the banks and other large institutions—and back into the hands of independent trust companies and advisors.

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Agency trustee services – client focused

Creating a trust requires people to surrender control of that wealth to someone else. For those who worked hard for the money or simply withstood the temptation to spend every dollar, handing the assets over to the trustee represents a tremendous leap of faith.  Agency trustee services solves that problem.

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The Dirty Business of Asset Management

The dirty business of asset management is an open secret.  Asset management firms research, buy, and sell marketable securities. Financial planners and wealth management firms allocate investors money to asset management firms. Asset management firms, like BlackRock, revenue grows every year. Client’s knowledge of the dirty business of asset management needs increasing.  General speaking, financial advisors have the tools to weed out the bad ones.

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Advisor friendly trust company top pick – Wealth Advisors Trust

 The Wealth Advisor, the voice of the financial advisor community, has announced  Wealth Advisors Trust as one of their top picks for advisor-friendly trust companies for 2018.

As the financial world lurches up and down, progress continues in the trust industry.  With vision and an advisor focus, independent trust companies continue to unseat the traditional trust company. 

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Advisor vs Adviser – How a letter can affect your SEO

Recently, we had a silly dispute on our weekly marketing call, Advisor vs Adviser, that sent us down a rabbit hole. It started with an argument on whether or not our recent email had spelling errors.

“Pretty sure its ER”

“It says OR in the company name, it’s OR”

“Google says its ER”

panic

This led to several more searches and our marketing team asking more questions. But, we got an answer: 

Technically, Advisor vs Adviser means the same thing when describing financial services. 

Regulators use the term Adviser to describe the process of providing investment advice.  Comparatively, we view the term Advisor talking about the general description of financial advisors. Which made us think,  could this make a difference in your marketing?

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New Fed Chairman Jerome Powell Answers To Trump or Us?

Monday President Trump’s nominee for the new Fed Chairman Jerome Powell exceeded expectations from investors.  If confirmed, Jerome Powell replaces Janet Yellen as the new Federal Reserve Chairman.  The markets expect a smooth path to Mr. Powell’s nomination.  The direction of interest rates, asset values and financial regulation rest with new Fed Chairman Jerome Powell.  However, the answer everybody wants to know, does the new Fed Chairman follow President Trump’s or our wishes?

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Kids That Code Will Get Fired

Kids that code do not have a sure-thing future.  However, over the past 15 years, parents have really pushed their kids to learn how to code.  Unfortunately, parents who believe coding is the future are driving through the rearview mirror and asking the wrong questions.  To summarize, some parents believe coding skills will lead their children to a secure future in the tech industry.  In reality, kids who want a forever-career in technology need creative thinking with logic and linear algebra skills.  Those skills are more important than coding because they will allow kids to adapt to future unknown tech needs.

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How-to-pick-a-Trustee

Picking a Trustee – 4 Easy Steps

Picking a trustee gets less attention than choosing your new smartphone.  In the first place, it is not a fun moment.  You and/or maybe your spouse are sitting with your estate planning lawyer.  You are planning what happens when you pass away.    For engineers and math people this is a logical emotional process.  For everyone else it is a winding road of emotions and what-ifs.  To sum up, in your Will or separate trusts you have to pick a few positions.  In your Will you need to pick an Executor, Guardian (if you have kids), Beneficiary and a Trustee.  If you have a revocable or irrevocable trust you will need to pick a Trustee and Beneficiary.  In short, picking a trustee is really important.  They control everything.

 

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Tax Reform – Who pays more?

Tax Reform proposal, introduced yesterday, has both some pretty big winners and losers.  In the first place the bill’s name – Tax Cuts and Jobs Act.  Kinda funny. At 429 pages the bill is surprisingly lean.  Of course, this kicks off the negotiations with both sides of the aisle and special interest groups.

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Recent Post
Trusteed IRA SmartIRA

Trusteed IRA – A quiet and powerful Client solution

The IRA market has grown substantially over recent years as the baby boomer generation prepares for retirement. With nearly 40.4% …
Read More

Directed Trusts Made Simple

Most financial advisors are well aware of what directed trusts can do for them and their clients (e.g. increase AUM) …
Read More

Agency trustee services – client focused

Creating a trust requires people to surrender control of that wealth to someone else. For those who worked hard for …
Read More

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