401GO’s Post

Great tips for 401(k) plan sponsors in selecting managed account service providers, fulfilling their fiduciary responsibilities, and helping participants maximize their investment portfolios. I welcome your questions, as making these decisions for your employees can be complex and challenging. #definedcontribution #plansponsor #managedaccount https://lnkd.in/gakdDpFS

A giant #privateequity portfolio that has been on the market since last year is being bought up: Blackstone's secondary group Strategic Partners is buying an around $500m chunk of Washington State pension system's PE portfolio. A different buyer is expected to take another piece of the offering. The system has been selling the portfolio valued at more than $2bn since last year. This is the system's first time running a secondary process of this size, though it did try a sale in 2022 before pulling it off market due to low bids. LP sales continue to lead secondary volume, even as GP-led inventory like continuation funds remain in high demand (but don't always close). Read more here on Buyouts:

People will drive across town to save 3 cents a gallon on gas. Those same 401(k) investors pay thousands of dollars each year to own the worst mutual funds on their default 401(k) menu. When I don’t get what I pay for, I get upset, even mad. How do you react? You might have a similar reaction when you know the annual costs of your 401(k) mutual funds. #retirementsavings #consultants #howto #howtoinvest

The demand for personalization is growing. The need for scaleable & flexible default solutions is growing. What is your strategy to drive Managed Accounts & AMA adoption?

Interesting data point for business owners which includes my wife and I. According to the Exit Planning Institute, (EPI) only 20% to 30% of businesses that go to market will sell. For those who don't own a business, this is like contributing to a 401K bi-weekly for 40 years and not being able to access those funds at retirement. If you are a lifestyle business owner and that business does not run without you at the helm you may not be able to tap into what may be 80% of your net worth tied up in the business when you decide to exit your business. A reason to make value acceleration and exit planning a present value conversation #Walmart #Tyson #JBHunt #smallbusinessowners #SmallBusiness #CFP #CertifiedFinancialPlanner #BusinessBroker #ValueAcceleration #CEPA #FinancialComfort #Businessplanning #PersonalPlanning #FinancialPlanning #EthosCapitalGroup #StephenNorthington #MiddleMarket #Commercialbanking Debbie Northington

🎉 We are beyond excited to announce RightCapital's new Stock Plans module! Find this module within a client plan under the "More" menu, represented by the three dots in the upper right-hand corner. Advisors can now: ➡️ Illustrate the client's existing equity compensation using the new charts on the Summary tab ➡️ Review key details and the status of grants on the Grants tab ➡️ Create a proposed stock plan strategy and visually compare to the current strategy on the Analysis tab ➡️ Visualize the proposed strategy's projected summary by shares, value, cash flow, and taxes on the Details tab ➡️ Adjust the liquidation strategy to model selling all shares in a specific year or over a number of years with our new liquidation option ➡️ Incorporate the stock plan proposal in the Retirement, Life Insurance, and Disability Insurance analyses

If you're like 98% of business owners in the United States, you probably haven't had an appropriate valuation done on your business. That's most likely because the traditional valuation process is expensive, time consuming, and intrusive. As a business owner, you deserve to know the value of your most prized asset. We understand that business owners face far more complexities and concerns than simply looking to sell their business. Some of those may include: - Succession Planning - Buy-sell agreement & funding - 401(k) plan for employees - Benefits - Risk management - Retirement planning - Capital structure - Personal financial planning for employees and owners - Tax Management. Northwestern Mutual has partnered with multiple companies to provide you with a complimentary valuation of your business and offer financial advice around that valuation. Contact me at my number or email listed to schedule your complimentary valuation. - 98% of businesses do not value themselves annually. - 78% of business owners expect to fund their retirement through the sale of their business. - 40% of business owners do not have life insurance.

Learn all about the importance of having a prudent investment oversight process, custom benchmarks, and documented fund reviews in place for your company’s 401(k) plan: https://bit.ly/3VqpHNf #fiduciaryduty

Great insights in this article by Fred Barstein. One comment he made that makes a lot of sense but I wonder what percentage of advisors are actually consistently putting into practice is: "Industry averages are interesting but not entirely relevant. It's best to look at the five-to-ten employers that the plan sponsor either loses employees to or takes workers from." This comment was in regards to advisers helping plan sponsors design the retirement plan to be a strategic benefit that improves recruiting and retention. #RetirementPlanAdvisor #RecruitingAndRetention #FiduciaryAdvisor #EmployeeBenefits #401k

New Post: Cetera Takes Minority Stake in $2.8B OSJ - Cetera Financial Group has made a minority investment in Wilde Wealth Management, one of the firm’s largest offices of supervisory jurisdiction affiliated with Cetera Advisors, with more than $2.8 billion in assets under administration. The Scottsdale, Ariz.-based OSJ has more than 42 advisors across nine locations in the Southwest. The firm was founded by CEO and Managing Principal Trevor Wilde, and affiliated with Cetera in 2007. Related: Atria Adds $175M Texas Team; Cetera Recruits $112M California Advisor"As a core pillar of our Wealth Hub model and offerings, we are constantly identifying opportunities to strategically partner with advisor practices to best support their business success through all stages," said Jeffrey Buchheister, CFO at Genstar Capital-backed Cetera, in a statement. "Through this partnership, we look forward to even closer collaboration with Wilde Wealth in achieving shared goals and growing together to benefit the Wilde Wealth team, advisors and their clients." The deal was made as part of Cetera’s suite of succession offerings, which includes advisor-to-advisor support, business continuity and full or partial sale options. The firm has done more than 12 such transactions in the past year. Related: Allworth Pens First Two Deals of 2024, Adding $621MOther independent broker/dealers have similar succession planning programs. LPL launched a 'liquidity and succession' program a couple years ago, where it will buy 100% of an advisor’s practice from a principal or principals who are generally expected to remain for about three years. Commonwealth recently expanded its Entrepreneurial Capital program, where it will take up to 40% of a firm’s earnings in exchange for capital. The firm is also considering taking majority stakes in Commonwealth advisor firms, although that’s not an offering yet. Last summer, Cetera Holdings, the holding company of Cetera Financial Group, announced its first acquisition of a pure RIA, The Retirement Planning Group. That move came less than a month after the company hired former Fidelity Investments senior executive Mike Durbin as its CEO, signaling an intention to move more seriously into the space. In December, Cetera's private equity owner Genstar Capital reinvested fresh capital into the broker/dealer network from two of its newest funds, Fund XI and Fund X.  Cetera now serves more than 12,000 advisors, representing more than $475 billion in assets under administration and $190 billion in AUM, as of Dec. 20, 2023. #Cetera #Takes #Minority #Stake #2.8B #OSJhttps://lnkd.in/dmjBbhej