Distance Yourself From Retirement Plan Investment Liability

The DOL Conflict of Interest rule is a game-changer for many financial advisors who work with qualified retirement plans.  Some advisors are getting out of the retirement plan business entirely.  Some may see this as an opportunity for new business.  Others will continue most of their current plan services but will bring in an independent 3(38) fiduciary to take on the liability of investment oversight.

Advisors who decide to introduce a 3(38) fiduciary should consider the distinctly different benefits offered by Fidelis Fiduciary Management:

  1. Clear separation of roles between the primary advisor and the plan investments.
  2. Third party review and certification.  Fidelis Fiduciary Management is CEFEX® certified specifically for 3(38) investment management.  
  3. Plan Sponsor fiduciary education modules provided in our Investment Fiduciary Annual Review™ to support the Department of Labor’s requirement for education of fiduciaries.
  4. Two-way communication between Fidelis consultants and you, the plan’s financial advisor. 
  5. Extensive fiduciary documentation in our Investment Fiduciary Annual Review™.  This report helps plan sponsors document their required ongoing oversight on us, provides investment fiduciary diagnostics, documents compliance in an investment fiduciary checklist, and provides reference material on fiduciary best practices.

Fidelis is your partner, not a product.

David M. Montgomery, CPFA®, AIF®, CRPS®
President & Co-Founder


©2015 Fidelis Fiduciary Management, All Rights Reserved.

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.