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Finally,
A Real Source for Insight into “Pandora’s Box”
Fiduciary
Risk Management (FRM) was founded to bring attention to the
underlying issues that have led to inadequate fiduciary programs,
new regulations, and ultimately, increased fiduciary scrutiny.
FRM principals come out of the inside of the retirement plan
industry from
- Marketing
- Sales
- Service
- Investment
Advisory
- Plan
Consulting
- Trust,
and
- Operations
capacities.
During
their time working for some of the largest and most prominent
service providers and broker dealers in the industry, our
leaders witnessed the “creative” business practices
that have left fiduciaries liable for situations they could
not control and had no way of even knowing about. While the
Department of Labor and members of Congress are busy focused
on increasing the responsibilities and liability placed on
fiduciaries to improve the stability of the retirement system,
FRM is working diligently to assign appropriate accountability
to service providers.
For too
long, service providers in the ERISA plan marketplace have
escaped accountability for what they do as a profession which
is not common in other industries and should not be tolerated
here. Large plan fiduciaries have historically retained large
reputable benefit consulting firms and leading ERISA legal
counsel to insulate themselves from the business practices
of service providers. However, while these relationships should
have provided adequate reduction in fiduciary risk exposure,
it has become obvious to all that have found themselves on
the other end of a class action – that exposure reduction
did not happen.
FRM is
a boutique firm that focuses solely on supporting fiduciaries
and their participants by:
- Educating
Fiduciary’s on the “Tricks of the Trade”
- Evaluating
Fiduciary Risk Exposure
- Improving
the Thoroughness of the Fiduciary’s Governance Process
- Stepping
on as an “Independent Fiduciary” in Multiple
Capacities
- Publicly
Alerting Government Officials by Articulating the “Real
Needs” and Concerns of Plan Fiduciaries
- Setting
Appropriate Standards & Expectations of Participant
Education & Communication Programs
- Delivering
Multi Cultural Effective Education Programs to Participants
as an “Educational Fiduciary”
- Decreasing
the Fiduciary Risk Exposure
- Serving
as an Expert Witness and Providing Comprehensive Investigations
to Support Litigation Efforts and Regulatory Examinations
We are
the Fiduciary’s Advocate
and the Participants’
Advocate!
Specific
concerns? Click here to have FRM contact you |
