Rocky Mountain Benefit Plans Conference

Innovest is excited to announce that registration for the Rocky Mountain Benefit Plans Conference is now open. This full day conference will help you improve the management of your benefit plans and your participants’ outcomes. Speakers from Innovest, EKS&H now part of Plante Moran and Alvarez & Marsal Tax will present on the following topics:

  • Retirement Plan Fees 2.0: Leveling, Lawsuits & Lessons Learned

  • Cybersecurity

  • Hunting for Missing Participants

  • The Outlook for the Economy and the Financial Markets

  • Non-qualified Plans

  • Breaking Bad Enrollment Habits

In addition, conference attendance qualifies you for 8 CPE credits. If you want to learn more about the conference, or register, please click here.

InnovestChristine Hudek
Protecting Employee Benefit Plans With Cyber Insurance

As technology advances, the field of cybersecurity continues to develop and improve. Despite this, cyberattacks are becoming far more frequent and costly. Laura Fischer, partner at Spencer Fane LLP, provides a description on preemptive actions that can be taken to combat cyberattacks. Fischer points out that “cyberattacks have managed to invade all walks of life, and employee benefit plans are no exception.” Employee benefit plans are at great risk due to the extensive personal information that they contain such as personal health information, social security numbers, dates of birth, compensation metrics, and level of benefits. However, cyber insurance plans add a much needed layer of protection that can help prevent breaches and make them less detrimental when they occur. Click here to read more about how you can help protect your employee benefit plans with cyber insurance.

Source: Law360

Reporting Rock Star

Innovest is proud to announce that one of our interns, Cos Braswell, is the winner of the Innovest Quarterly Reporting Rock Star award! Cos prepared several difficult reports and was always willing to jump in and help others. He also continuously asked for more reports even with his busy schedule. Congratulations, Cos!

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InnovestChristine Hudek

Routinely rebalancing a diversified investment portfolio plays an essential role in helping investors achieve their investment objectives. Instead of using a buy-and-hold strategy, Chris Meyer, Innovest Vice President, advises periodic rebalancing to ensure that a portfolio’s expected return and volatility characteristics stay on target. Click here to read the article on page 3.

Source: Innovest

Urban Peak

Urban Peak, a Denver based nonprofit, works to provide services to Denver’s homeless youth. Their goal is to equip young adults with the skills to overcome difficult challenges and become self-sufficient.  Urban Peak provides overnight shelter, employment programs, a drop-in day center, street outreach, educational and employment services and supportive housing. In 2016, Urban Peak served 1,814 youth, with many moving on to have stable lives. On Monday, October 22nd, Urban Peak is hosting its annual fundraiser, “Plates for the Peak”. Come enjoy specialty drinks, fabulous food, music and a silent auction to support Urban Peak! Tickets are available for purchase online.

Families of Character

The Denver based nonprofit, Families of Character, works to equip parents to build clarity, unity and joy in their households. Families of Character is particularly important to Innovest because Richard Todd, the CEO and co-founder of Innovest, is the former Chairman of the organization.

In a world of conflicting messages, Families of Character enables parents to raise virtuous families. In their first-ever parenting conference, Intent to Thrive, Families of Character will cover everything from teaching kindness to the perils of navigating technology. The conference will be held at the University of Denver on October 26th. Tickets can be purchased here.

Trump has a 75% Chance of Winning the Trade War

The United States and China have a trade war that could escalate if the United States puts more tariffs on import goods from China. “However, the U.S. could still win, but the victory may take a longer period of time to achieve and it may be more painful, economically and politically”. Although it may seem that the U.S. has the advantage of winning, China has yet to show signs of retreat despite the recent meltdown of its stock market. Click here to learn more.

Source: Yahoo! Finance

Food Bank of the Rockies

Hunger is a huge problem in Colorado. One in 10 Coloradans do not know where their next meal is coming from. In response to this problem, Food Bank of the Rockies was founded. Although the organization started in a 900-square-foot schoolroom, today it is the largest private hunger-relief organization in the state of Colorado, serving more than 615 million meals for people in need. Last year, Food Bank of the Rockies and its partner agencies distributed more than 134,000 meals each day to people in need. This past Thursday, the Innovest team volunteered at Food Bank of the Rockies and packed 747 boxes totaling more than 21,000 pounds


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Christine Hudek
#SocialMedia: Start Here

Social Media is one of the best or the best way to get your company started and a great way to have people recognize and help your company grow. The best platforms for your company include LinkedIn, Facebook, and Twitter. Click here to learn more ways to use social media to grow and build a community.

Source: HartfordFunds

Articles, FYIRichard M. Todd
Staff Spotlight - Whitney Wilkinson

Whitney provides support to Marketing and Business Development efforts by creating presentations, developing client communications, managing public relations and planning events. Whitney is the editor of Innovest’s quarterly newsletter, The Research Report and is also responsible for website development. Whitney is a member of Innovest’s Charitable Donations Committee. Most recently, Whitney has taken on mentoring and managing our current college interns, Claire and Kathryn.

Whitney is a mentor for the Big Idea Project at Holy Family High School and served as a digital communications consultant to the Colorado Public Plan Coalition (CPPC). She graduated cum laude from Colorado State University with a Bachelor of Arts in journalism and technical communication with a concentration in public relations and a minor in business administration. Whitney is also certified in Meet Essentials from Meeting Professionals International (MPI).

Five Additional Fun Facts About Whitney

  1. Whitney loves to water ski.

  2. She didn’t see the ocean until she was 23.

  3. Her favorite sport is hockey, and she is in her seventh season as a game night staff member for the Colorado Avalanche.

  4. Whitney’s favorite food is ice cream.

  5. She owns more than 10 pairs of cowboy boots.

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Christine Hudek
Meet Innovest's Newest College Intern

We are thrilled to welcome our newest college intern, Kathryn Armstrong. Kathryn is a senior at Colorado Christian University, majoring in finance. Here are five fun facts about Kathryn:

  1. Kathryn has visited 20 countries.

  2. She attended cooking school in Italy.

  3. She spent time in Kolkata, India working in Mother Teresa’s house.

  4. Kathryn received a scholarship to play D2 tennis at Colorado Christian University.

  5. Kathryn has won five pie eating contests!

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Christine Hudek
Meet Innovest's Newest Intern

Five Fun Facts about Claire Coughlin

  1. Claire has been rescued by ski patrol and taken down the mountain on a toboggan on two separate occasions.

  2. Claire has eaten ice cream every day for over a year!

  3. Claire spent the summer of 2017 as an intern in central London researching the economics of terrorism.

  4. When Claire was little, her dream job was to be an elf in the winter and an investment banker in the summer.

  5. Claire has presented at multiple academic conferences on the topic of America’s racialization of Jesus Christ.

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Christine Hudek
IRS Issues 2018 Version of Form 1099-R for Retirement Plan Distributions

“The IRS has released the 2018 version of Form 1099-R and its instructions. Retirement plan administrators (including administrators of 401(k) plans) are required to report plan distributions on Form 1099-R, which they file with the IRS and deliver to the plan participant or beneficiary. While the 2018 form and instructions largely mirror the 2017 version, there are a few changes.”  Click here to learn more!

Source: Thomson Reuters

Groups Say SEC’s Best Interest Proposal Fails to Provide Uniform Fiduciary Standard

Many groups and regulatory officials feel as though the SEC’s ‘best interest’ proposal “fails to impose a uniform fiduciary standard.”  Xavier Becerra, California’s Attorney General, calls the proposed rules “toothless” because emphasis is placed on “disclosure instead of preventing conflicts of interest”. Additionally, many groups feel as though the SEC did a poor job by leaving key terms, such as ‘best interest’, undefined. Throughout this article, organizations such as AARP, FPA, PIABA comment on the proposal and offer their recommendations on ways to clear up some of the ambiguity surrounding the new rulings. Click here to read the full article.