Axxcess partners with Hidden Levers to create an enterprise portfolio proposal and stress testing center

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In May, Axxcess completed integration of an enterprise solution to provide advisors and clients the ability to stress test their portfolios against a variety of current scenarios, and model how potential trends will influence their wealth.

Hidden Levers partners with the Axxcess Customized Portfolio Platform

“Hidden Levers was chosen for their forward thinking in designing a tool that clients can understand, and advisors can use effectively to communicate areas of potential risk exposure” said Kevin Manzo, AIF and investment advisor and Investment Committee member.

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Clients will be able to model risk, and test various allocations and exposures to both sleeve managed portfolios, as well as advisor directed, and client directed accounts. Testing a portfolios potential future reaction to changes in the economic environment is a key feature of the Hidden Levers integration. Existing clients accounts can be automatically pulled in for immediate analysis. Future impacts of unknowable political, economic, or policy changes can be modeled very quickly through this system.

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Axxcess Carlsbad expands into a new suite

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Axxcess Wealth Management, LLC moves into its new headquarters at 6005 Hidden Valley Rd in Carlsbad. The new suite is upgraded with new network technology, and redesigned interior. We are excited to move into our new space which has been under construction since December 2016 said controller Susan Wrenn.

Axxcess has upgraded technology and network capabilities in its new space in Carlsbad Ca.

The landlord worked with our team to keep our suite number the same despite the move within the same building. Our design feature a coastal theme that creates a comfortable, professional environment to meet with clients and work day to day.

Final Notes

There are no changes to our address or contact information. If you are visiting us, we are now occupying the second floor, in the far west end of the building.

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Axxcess finalizes Fidelity IWS custodial relationship

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Axxcess added Fidelity IWS (Institutional Wealth Services) to the Axxcess Customized Portfolio Platform to broaden the services available to clients and advisors.

Fidelity IWS allows clients to choose Fidelity as their custodian, and enables an existing Fidelity client to add third party TAMP and UMA services to their Fidelity account.

Axxcess is pleased to re-engage with Fidelity to provide a superior qualified plan platform for AxxcessLINK 401k clients and enable clients to leverage the Axxcess Platform for their portfolio management.

Final Notes

Fidelity is a leading custodian for registered investment advisors, direct clients, and retirement plans offering an extensive trading, custody, and retirement plan platform.

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How your CPA can help you navigate the new DOL Fiduciary Rule

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Overview

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Plan sponsors, as a whole, are unaware that participants pay disparate fees, and service providers, particularly record-keepers that receive revenue-sharing payments, are not going to address it, experts say. It is incumbent on sponsors, then, to ask their plan advisers and record-keepers about fee levelization.

January 14th, 2016-PlanSponsor

Key reasons for the CPA to take an advocacy role:

The tax professional is in a unique role as a trusted advisor to a business owner. The broker or advisor to a retirement plan has no incentive to review their own fees. Certainly, the recordkeeper or 401k platform provider is not going to raise the issue of their own fees with the business owner. Uniquely, the CPA, EA, or plan auditor is. Understanding the key points made in the DOL is an imperative for the tax professional that advises business owners. The DOL makes two main points:

•Plans are paying excessive fees.

•Plan sponsors need a mechanism to identify and deal with conflicts of interest.

Addressing plan liability from the fiduciary perspective

1. Exposing significant cost savings

2. Plan review compensation arrangements

3. Plan sponsors will need a mechanism for identifying and detecting conflicts of interest.

4. Increased liability for insurance or Broker Dealer sold plans.

5. Aimed at stopping $17b/y investors waste in excess fees.

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