What Clients Expect from Us
STEWARDSHIP
Our clients are trusted stewards of other peoples’ money that’s held in retirement plans, pension systems, and philanthropic programs.
Various federal and state laws require that persons and enterprises that manage other people’s money adhere to a fiduciary standard of care. Simply, it means they must follow a prudent process. We examine, upgrade, and install authentic prudent management systems.
Practical Tip
ERISA Regulatory Enforcement Priority
Among the U.S. Department of Labor’s published priorities is the “Plan Investment Conflicts” project. The DOL is investigating how benefit plan committees are managing fiduciary service provider compensation and conflicts of interest in relation to plan asset vehicles.
Practical Tip
Habits of Best-in-Class Fiduciaries
Human resources managers are hampered by the lack of a regulatory standard for fiduciary best practices. But that doesn’t mean that a reliable framework of compliance ready guidelines doesn’t exist. Professional fiduciary procedures have emerged that form a reliable standard.
Practical Tip
Retirement Plan Investment Programs Harbor New Risks
Widespread conflicts of interest and overpricing by many investment firms that serve 401(k) and 403(b) plans have been uncovered by the U.S. Department of Labor. Many executives that manage those types of plans are understandably concerned. Investment committees of foundations face many of the same issues.
