Mike Tripses - Partner, CreativeOne, Author at Creative Edge - Page 2 of 4

New DOL Rule: If It Ain’t Broke, Fix it Anyway

The recently published final Department of Labor (DOL) fiduciary rule for IRAs (and a handful of other tax-qualified funds) sales is disturbing for an industry already fraught with challenges. Americans are underprepared for retirement in education and savings. Insurance agents are retiring faster than new agents are entering the market. Compliance has become ever tighter…. Read More


DOL Releases Finalized Fiduciary Rule

The U.S. Department of Labor (DOL) issued its finalized fiduciary rule yesterday. Over the past year, CreativeOne has worked diligently with the National Association of Fixed Annuities (NAFA) to provide constructive comments to the DOL about its proposed fiduciary rule. We are in the process of completing an in-depth analysis of the rule and its… Read More


CreativeOne: Best Equipped to Serve You

I’ve never been much of an “I remember when … ” person, but occasionally I’m persuaded by how much things have changed as I sit here typing this on a flight to Florida while listening to a shuffle of my iTunes, reviewing 44-meg worksheets. I remember in the late 80s doing evaluations of insurance company… Read More


Insight into the DOL’s Proposed Fiduciary Changes

What is the Department of Labor’s Proposed So-Called Fiduciary Rule? The 1972 Employee Retirement Income Security Act (ERISA) is a law governing employer and other pension plans. A U.S. Regulatory agency, the Department of Labor (DOL), was charged with implementing its requirements, including the conduct of those persons distributing and administering those plans. A high… Read More


Doubts about Evolved Indexing?

My wife and I and some friends had the pleasure of experiencing New York City at Christmas this year. A centerpiece of the trip was the concert by Andre’ Boccelli at Madison Square garden. The virtuoso performance by the world-renowned blind Italian tenor was to weep for, as he was accompanied by a symphony, a… Read More


CreativeOne appoints Don Spini as EVP, Annuity Distribution

DonSpini

Please join me in welcoming Don Spini as a new employee and teammate at CreativeOne.  Don will assume the role of Executive Vice President of Annuity Distribution. He will work closely with the CreativeOne ownership team in the direct annuity channel. Don will be working hands-on with our sales teams in Leawood, KS, Tempe, AZ… Read More


2015 Insurance Carrier Landscape

From the president

Many of our partner companies are in the midst of planning for 2015, as are we at CreativeOne, and I imagine you are for your business or agency as well.  We are drawing some conclusions about the manufacturers of life insurance and annuities and their plans for 2015. Fixed index annuity (FIAs) sales now dominate… Read More


Why the prescription for income inequality would make us sicker

From the president

The latest political wedge issue is “income inequality.” I spoke briefly about this matter at our CreativeOne convention in June. A number of politicians have adopted this as a winning issue, anticipating that pitting “class” against “class” may influence the 2014 midterm elections. The new golden boy for this theory is French economist Thomas Piketty…. Read More


The Risk of Conformity

From the president

Have you ever wondered about the source of “home field advantage” or why officials seem to “swallow their whistle” at times (and why we want them to)? Are you curious about whether coaches generally make statistically supportable decisions or go with conventional wisdom?  A 2011 book, “Scorecasting” by Moskowitz and Wertheim, is a statistician’s dream. … Read More


The Most Trusted Partner to Maximize Your Potential

Today we launched a new era of service to independent producers. Today we introduced our OneTeam, OneVoice and OneVision concept to the annuities, life insurance and securities industries. Today we unveiled CreativeOne. As you are aware, Will Moneymaker and I purchased the company from Aviva USA in a transaction that closed October 1, 2013. Our… Read More