Reflections on a Dramatic Year for Retirement Plan Regulation

This article dives into the implications of the "Department of Labor (DOL) fiduciary rule being vacated by the 5th U.S. Circuit Court of Appeals." This decision has brought a sense of confusion among retirement plan sponsors as they attempt to manage and maintain relationships with their service providers.

Furthermore, this article concludes on the subject of missing participants and mentions how "they often find plan sponsors at fault for not making a good faith effort to locate them."

Click here to learn more about what's happening in retirement plan regulation.

Source: PLANADVISER

Clifton Strengths Assessment

Nearly 19 million people have completed the Clifton Strengths assessment and Innovest employees are included. Upon hire, each Innovest employee takes the assessment designed to discover what they naturally do best, learn how to develop their greatest talents and use their customized assessment results to live their best life.

Innovest breaks down the results and uses this information to assign work projects and work teams to achieve an efficient and well-rounded end product. The strengths are routinely discussed with Innovest mentors and ways to work more within the strength skill set are identified. Further, strengths of employees are highly visible and posted outside everyone’s working area.

Fun Fact:

Innovest’s collective top four strengths are belief, responsibility, learner and achiever.

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Meet Innovest's Newest College Intern

Karim Zia is a rising senior from UCLA studying Business Economics. He is also minoring in Environmental Systems and Society.

Five Fun Facts about Karim

1. Karim has traveled to more than 20 countries.

2. Karim has played soccer since he was four years old - that's 16 years.

3. Karim is a foodie.

4. Karim and his brother started their own sports beverage company.

5. Karim is a huge fan of the Denver Broncos.

Source: Innovest

 

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How Innovest Was Started

At Innovest, we are not just an investment firm, we are stewards to our clients, employees and community. Everyone knows about the problems on Wall Street.  Things were no better in 1996 when the co-founders of Innovest left their Wall Street firm because of the conflicts of interest and tainted objectivity to start their own firm.  They started the firm with five employees, 25 clients, and a Ryder truck full of used office furniture (driven by President Wendy Dominguez).  With relatively little except for the desire to be stewards for our clients, Innovest was founded.  The firm has come a long way since that day in July – today, Innovest has 45 employees and more than 260 clients.  Innovest consults to just over $23 billion in assets. We have a client-based culture, a fee-only model and we are completely independent with no conflicts of interest. 

While Innovest has grown significantly, a major strength of the firm is to make Innovest a rewarding place to work.  Pensions & Investments named Innovest among the Best Places to Work in the nation in 2017, 2016 and 2014.  This achievement has allowed us to hire and retain top quality talent with the highest integrity who are committed to our clients. Our employees are people who put others first and work for the best outcomes for our clients and community.

 

University of Chicago Settles Excessive Fee Law Suit

"In addition to the monetary settlement, the university has agreed to “retain certain structural changes to the Plans that will further benefit the Plans and their participants,” including agreeing “not to increase per-participant recordkeeping fees for three years from the date of Final Approval of the Settlement, and to use commercially reasonable best efforts to continue to attempt to reduce recordkeeping fees.”

Click here to read more.

Source: Napa.net

Productivity, Inflation and the Path of Rates

"Last week, in line with expectations, the Federal Reserve hiked rates, freed itself from its "low-for-longer" forward guidance and lifted its "dot plot" a little higher. The European Central Bank also followed the script, confirming that it would end its quantitative easing purchases by the end of the year, subject to data supporting its inflation outlook - which it revised upwards. It is a good time to ask why markets have become so tentative in their inflation expectations, and what that implies about the length of this business cycle and the path of rates." Click here to learn more.

Source: Neuberger Berman

Meet Innovest's Newest Employee

Zach Heath joins Innovest as an Analyst Assistant. Zach graduated from UNC. Here are five fun facts about Zach:

1. Zach played baseball for 18 years, starting when he was four years old.

2. Zach graduated from the Monfort School of Business at the University of Northern Colorado. He earned a Bachelor of Science in finance.

3. Zach is and has always been a Colorado Rockies fan.

4. One item on Zach's bucket list is to be on Family Feud.

5. Zach has traveled all over the country playing baseball but has lived in Colorado all his life.

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The Art of the "Ask": Six tactics frequently ignored by nonprofit fund developers & CEOs

"Most nonprofit board members and managers have acquired a measured of savvy when it comes to raising funds for their organizations. They have learned that building trust with current and prospective donors is the key to maintaining meaningful support." Click here to learn more ways to strengthen donor relationships and possibly increase contributions.

 

Source: Nonprofit Management

 

5 Simple Habits of Caring Managers

This article explores five key things successful managers do to inspire and motivate their team.

1. Seize every opportunity to rave about their team members.

2. Give them your undivided attention.

3. Coach them to course correct with love.

4. Initiate consistent professional development talks.

5. Believe in them.

Click here to read more.

Source: Customer Fanatix

Meet Innovest's Summer Interns

  Five Fun Facts about John   1. John has climbed eight 14'ers.  2. John is a self-taught swing and contemporary dancer.  3. John owns over 70 pairs of fun themed socks.  4. John started trading stocks when he was 12 after attending a Rich Dad Poor Dad seminar.  5. John went on a missions trip to Cuba over his Spring Break.   Five Fun Facts about Katie   1. Katie has a twin brother who is attending Creighton University.  2. Katie loves to go hiking with her family.  3. Katie learned how to make great macaroons at Sur La Table.  4. Katie attends Gonzaga University.  5. Katie enjoys doing paddle board yoga.

Five Fun Facts about John

1. John has climbed eight 14'ers.

2. John is a self-taught swing and contemporary dancer.

3. John owns over 70 pairs of fun themed socks.

4. John started trading stocks when he was 12 after attending a Rich Dad Poor Dad seminar.

5. John went on a missions trip to Cuba over his Spring Break.

Five Fun Facts about Katie

1. Katie has a twin brother who is attending Creighton University.

2. Katie loves to go hiking with her family.

3. Katie learned how to make great macaroons at Sur La Table.

4. Katie attends Gonzaga University.

5. Katie enjoys doing paddle board yoga.