Advantages for
Broker Dealers:
- Complements and maintains the Advisor’s valuable Client Relationship
- Shifts investment management risk from the Broker-Dealer and their representatives under ERISA Sec 3(38)
- Seamless product-based technology solution offered through existing provider relationships
- Protects broker dealer and advisor compensation under new fiduciary guidelines
- Facilitates compliance reporting for your advisor's plans by tracking funds and assets at our select providers
Advantages for Recordkeepers / THIRD-PARTY Administrators:
- Protects business continuation with BD/RIA clients in accordance with recently passed fiduciary guidelines
- Provides a thorough 3(38) fiduciary solution, with integrated Fiduciary Warranty to ensure prudent fiduciary standards
- Solution offered exclusively through our ten preferred RK partners to enhance their market share
- Simple data feed offers seamless integration with existing product platforms
- Warranty Certificate issued through Great American Liability (AA), a third party insurance company
Advantages for PLAN Sponsors:
- Satisfies ERISA requirement that plan sponsors select and monitor plan investments in accordance with generally accepted guidelines
- Offloads fund monitoring obligations as a qualified third-party in accordance with DOL Regulation
2509.95-1 ( c)(6)
- Shifts fiduciary investment monitoring risk from plan sponsor under ERISA Sec 3(38)
- Issues certificate of warranty to provide liability coverage in case of conflicts
- Permits plan’s advisor to focus on highly valuable participant level guidance
