Can You Provide Input To A 3(38) Fiduciary?

Contrary to common impressions, nothing in ERISA tells 3(38) Investment Managers not to listen to their customers or the primary advisor. However, most 3(38) fiduciaries currently in the marketplace do seemingly operate in a black box by providing “one-size-fits-all” investment menus. At Fidelis Fiduciary Management, we feel that you and your clients deserve quality interaction with fiduciaries that are picking the investments to support plan participants’ attempt at successful retirement outcomes.

Fidelis Fiduciary Management is an outsourced 3(38) fiduciary solution to whom you can provide meaningful input during the initial construction of each customized investment menu as well as for the life of the relationship. ERISA 3(38) requires us to manage the investment menu and to stand behind it as the sole decision maker, but we believe the best decisions in business and in life are made after carefully considering the available facts.

“Fidelis is your partner, not a product.” SM

David M. Montgomery, CPFA®, AIF®, CRPS®
President


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No strategy assures a profit or protect against loss.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.

For Advisors and Plan Service Providers use only – Not for use with Plan Sponsors, Participants, or the General Public. This information was developed as a general guide to educate advisors and plan service providers, but is not intended as authoritative guidance or tax or legal advice. Fidelis Fiduciary Management does not warrant and is not responsible for errors or omissions in the content of this newsletter.

Fidelis Fiduciary Management offers investment advisory services through Independent Financial Partners, a Registered Investment Advisor. Independent Financial Partners and Fidelis Fiduciary Management are separate entities.