Decision Technologies Corporation

If I Already Have An Investment Advisor, Why Would I Need Rita℠, The Retail Investment Tracking Application℠? It is estimated that the number of mutual funds and ETFs may now be more than 30,000 and the number of tracked performance factors and distinguishing features of each may now exceed 300. The sheer size of that universe, and amount of information about the choices within it, makes trying to identify which ones might be “best” for you, as a client, extraordinarily difficult and time consuming, if not virtually impossible, for investment advisors. So, it appears that individual customization of portfolio design and investment choice selection is becoming increasingly rare (unless, of course, you have a lot of money to invest). Instead, two of the most common ways investment advisory firms are now providing investment advice are the use of “model portfolios” and/or recommending choices from a preapproved pool of mutual funds / ETFs. read more... https://lnkd.in/gmYsC-Wz #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

Proprietary Mutual Funds Reduce Choices & Often Reduce Performance The global financial services marketplace has been vendor-dominated since inception. This has led to pervasive conflicts of interest that too often limit choices and degrade investment results. Now there's a way for investors to protect themselves. In his article - Restricted Product Shelves, Proprietary Products And More, Ken Kevinko describes how, due to "limited shelf space", investment advisors and brokers in Canada are too often limited in what they can recommend or sell to their clients too often degrade both their "advice" and the investment results their clients experience. But this is not just a Canadian problem. It's global, with the U.S. financial services marketplace being a prime example. Both here and elsewhere, the financial services marketplace has been vendor-dominated since inception. Read more https://lnkd.in/grJr_vtE #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #dtc #prorrt #rita

$125M Warning to All 401(k) Plan Sponsors, Trustees, and Advisors. This massive $125 million class-action lawsuit and DOL settlement against a 401(k) plan sponsor, its trustees, and its investment advisors is a warning to all plan sponsors, trustees, and advisors. In an alarming trend, companies offering 401(k) plans (plan sponsors), their appointed trustees, and their plan advisors, are finding themselves blindsided by class action lawsuits. The lawsuits allege that they’ve failed in their fiduciary duties towards the plan participants. A significant number of these lawsuits are zeroing in on the investment decisions made, or not made, by the trustees. The financial implications of such lawsuits can be massive. read more... https://lnkd.in/gbh5Wbq4 #wealthtech #fintech #mutualfunds #etfs #classaction #plantrustees #plansponsors #lawsuit #planparticipants #fiduciary #advisor #liability #trustees #sponsors #401k #401kplan #prorrt #rita #dtc

If I Have Rita℠, The Retail Investment Tracking Application℠, Do I Need an Investment Advisor? The answer for you depends on your personal level of knowledge of and experience in personal investing . . . and the resulting level of self-confidence you have in “doing it yourself.” Looking at the services investment advisors typically provide can help to clarify whether you need that help, might not need but still might want it, or can effectively (and less expensively) do it yourself. Here’s where to start: read more... https://lnkd.in/dD2HqezT #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

Why Retirement Plan Trustees Need to Catch and Correct Plan Deficiencies BEFORE Their Plan’s Audit. If your plan has 100 or more participants, you’re required to have it annually audited and that audit report is required to be filed with your Form 5500 with the Department of Labor (DOL). This is not just an operational detail to be casually taken for granted. Your plan’s audit could be a prelude to, and a roadmap for, a costly DOL enforcement action and/or a potential ERISA class-action lawsuit by your plan’s participants. Your plan’s Form 5500 and attached audit report is not private. It’s available to the public and can be accessed by literally anyone, including plan participants and class-action attorneys. It only takes one disgruntled employee or former employee, to be the representative plaintiff in a class-action lawsuit against your company (the plan sponsor) and you, personally, as a plan trustee. #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita #benjaminfranklin #decisionassistance #planauditors #plantrustees https://lnkd.in/dVVf27Hr

Protect Yourself Against Risks in the Financial Services Marketplace. Want to really understand one of the key reasons why having a Tool like Rita℠ is so important, then take a look at this from Violation Tracker. Recognize any of the names? Of course you do . . . they’re some of the biggest names / most “iconic brands” in the financial services marketplace. They’re also the “Top 10” offenders in terms of penalties for financial offenses. read more... https://lnkd.in/gW-WMVF3 #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #violationtracker #investmentadvisor #broker #rita #dtc #prorrt #rita

Are Mutual Fund Investors “Suckers?” Much like the debate between “passive” versus “active” mutual fund and ETF investors, there is a similar debate between those who favor investments in individual stocks versus mutual funds. Yet, in both, it’s not simply an “either/or” choice. There are logical rationales for each and only by objectively examining those rationales can investors determine what is actually “best” for them. When we first started developing our patented decision-assistance technology for the scoring and ranking of mutual funds, ETFs and index funds, some of our affiliated investment advisors asked us how to present and discuss the technology with clients who avoided mutual funds and preferred to invest in individual stocks. That caused us to take a serious look at the arguments on both sides. There appear to be four principal rationales favoring investments in individual stocks rationales: read more... https://lnkd.in/g9RHP-Ge #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

Timely Alert for CPA/PFS Investment Advisors Start now with a powerful new way to recruit investment clients from your tax client base. Recruiting investment advisory clients from among your own tax return clients can be explosively supercharged with the ProRRT℠. Here’s how. If you are a CPA, accountant, or are otherwise engaged in preparing tax returns, you are now beginning to meet with your tax prep. clients to do their returns. If you are also an investment advisor, it’s likely that only a small minority of your tax return prep clients are also investment advisory clients. Here’s why this is a critically important time for new investment client recruitment. https://lnkd.in/dBgbhQev #wealthtech #fintech #mutualfunds #etfs #plansponsors #lawsuit #planparticipants #fiduciary #advisor #liability #trustees #sponsors #401k #401kplan #dtc #prorrt #rita

Want to Know How Good Your Mutual Funds REALLY Are? Here’s How You Can Now Find Out. Your brokerage statements and investment advisor-produced reports show how much your mutual funds and/or ETFs went up or down and typically give you a benchmark index (hopefully relevant) with which to gauge how well yours did. But is that enough to tell you how well your funds really performed? NO. Something very important has always been missing. https://lnkd.in/gMtTgDwx #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita

Take “The Rita℠ Challenge” and You Could Win a Free Year of Rita℠. Even if you don’t win, the experience could be worth thousands to you. What’s “The Rita℠ Challenge”? This is a simple test to see how good the mutual funds and/or ETFs in your portfolio or 401k plan actually are. Here’s how to play: https://lnkd.in/gQxj8Xg7 #wealthtech #financialindependence #fintech #mutualfunds #401k #retirementplanning #ira #individualretirementaccount #etfs #rita #dtc #prorrt #rita