The Next Level of Outsourced 3(38) & 3(21) Fiduciaries
Many non-fiduciary advisors and record keepers are facing increased pressure from their retirement plan clients and prospects to offer a 3(38) or 3(21) fiduciary solution. On top of that, there is a growing market demand for outsourced fiduciaries to take a consultative approach when creating plan investment menus. Currently many fiduciary services simply provide a canned investment menu that does not satisfy employers who favor plan-specific attention.
At Fidelis we partner with non-fiduciary advisors to offer the next level of outsourced 3(38) and 3(21) investment fiduciaries. We do this by:
- Providing truly consultative and customized fiduciaryservices.
- Creating every investment menu from scratch after consultation with the non-fiduciary primary advisor.
- Our investment advisory agreement is directly with the plan sponsor. This gives the opportunity to use Fidelis with any record keeper, and to provide unbroken service if the plan changes from one record keeper to another.
“Fidelis is your partner, not a product.”
David M. Montgomery, AIF®, CRPS®