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Services for Retirement Plans (Employee Benefit Plans)
- Written Investment Policy Statement
- Setting Objectives
- Risk Tolerance Analysis
- Strategic Asset Allocation
- Fund Selection
- Fund Monitoring and Replacement
- Education and Training Meetings
- Participant Advice
- Plan Benchmarking
When choosing a financial advisor, retirement plan fiduciaries need to have a clear understanding of whether or not the advisor is also a fiduciary to the plan or an agent of those who create investment/insurance products. Once known, the retirement plan fiduciary has a clear lens to examine the financial advisor’s recommendations.
- Registered Investment Advisors are fiduciaries, and as such, they take legal responsibility for their recommendations. They are exclusively in the business of providing advice in a relationship where they owe their client duties of loyalty and disclosure of all conflicts of interest.
- Agents (such as Registered Representatives) have a fiduciary duty to their brokerage firm and not to their clients. By law, the advice they give must only be incidental to the brokerage service they provide.
Core Capital Solutions LLC is a Registered Investment Advisor and we act as a fiduciary for our clients.
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