WHO IS FRM?

FRM Background and Qualifications

Fiduciary Risk Management, LLC was founded in May 2007 by a diversified team of industry experts in response to the increasing needs of plan sponsors for fiduciary oversight and professional employee education. We are owned by Habif, Arogeti, & Wynne (HA&W), an accounting firm founded in 1952 and has grown to become the largest independent accounting firm in Georgia, and one of the top 50 nationwide. HA&W brings over 55 years of accounting and advisory experience in all manner of industries and businesses. Significant areas of focus include: employee benefits, litigation support, valuation, and merger and acquisition consulting. HA&W developed this new business unit to offer a more complete line of fiduciary and participant services to the marketplace.

Mission

Our mission is to reduce our clients’ fiduciary liability inherent in the offering of an employer sponsored retirement plan, and to assist them in seeing that their plan best meets the needs of both employer and employee.

Uniquely Qualified and Appropriately Resourced

Due to the depth of skills within our organization and our professional affiliations, we are uniquely positioned in this marketplace to provide services that most institutions are unable to deliver. As a subsidiary of an independent CPA firm, we do not share in the asset gathering, investment fee and revenue conflicts that are more common with consultant organizations. Using our comprehensive fiduciary governance procedures, designed by leading ERISA as well as statutory experts, we will partner with our clients as a fiduciary sharing in the liability associated with plan oversight.

In addition, one of our partner companies, TEGRA Financial Partners, is one of the top Third Party Administrators (TPA) in the state of Georgia and gives us in-house proven expertise and regulatory compliance procedures. FRM uses these resources as needed to build a team of experienced professionals motived to address and resolve your situation.
FRM does not sell any investment or recordkeeping products. FRM is not in the business of gathering assets and does not represent any outside service provider, investment house or organization that wants to gather assets and extend their product coverage. Accordingly, we are not paid by any of these in any way. This includes not being paid by 12b-1 fees, no “sub T/A” fees, investment company incentive payments, commissions on trades or any other compensation relationship. We are paid on the services we provide and the advice we render to our clients.

Our Parent Company

Habif, Arogeti, & Wynne (HA&W) was founded in 1952 and has grown to become the largest independent accounting and business advisory firm in Georgia, and one of the top 100 nationwide. HA&W brings over 55 years of accounting and advisory experience in all manners of industries and businesses. In addition to providing traditional accounting and tax services, the firm provides specialized services in the areas of: employee benefits, litigation support, valuation, and merger and acquisition consulting. HA&W has developed this new business unit to offer a more complete line of fiduciary and participant services to the marketplace.

An HA&W Subsidiary

Tegra Financial Partners offers expertise as a TPA, administering over 850 retirement plans, as well as being a Registered Investment Adviser providing investment consulting and guidance services to ERISA plans nationwide. Tegra is one of the preeminent providers of these specialized services in Georgia.

Management

The Director of Fiduciary Consulting, Bert Carmody CPA, CIMC, heads up FRM’s consulting services focusing on our comprehensive review, fiduciary exposure assessment and beneficial recommendations to our clients. Bert also serves as an expert witness, independent fiduciary and investment fiduciary. He brings over 30 years of retirement plan, investment oversight, trust and plan back office operations, systems/management consulting, and relationship management to the team for benefit of FRM’s clients. His varied background in diverse environments is an advantage in complex engagements.
Richard Millman is the Partner-In-Charge of the Forensic & Litigation Services Team at HA&W. He provides litigation support services in cases involving bankruptcy, lost profits, accounting principles, application of Generally Accepted Auditing Standards, accountant malpractice, construction claims, business valuation and diversion of assets. He is a member of the National Association of Certified Valuation Analysts.
FRM uses the talent and expertise of other members of the HA&W family of companies in order to deliver the highest level of service to its clients. Individuals used on a regular basis include but are not limited to:
Nick Bhandari is a Principal and the Managing Director of Tegra Financial Partners. He has over 20 years of extensive retirement plan advisory and marketplace experience. Moreover, Mr. Bhandari is responsible for the oversight of Tegra’s TPA, recordkeeping, and investment advisory services. He has consulted with hundreds of retirement plans as an independent advisor on all issues around plan fiduciary obligations and practices.
David Schultz is the Associate Director of Tegra Financial Partners, a Habif, Arogeti, & Wynne, LLP subsidiary providing financial planning, brokerage, investment advisory, insurance, and retirement plan administration, actuarial, and recordkeeping services. He was previously Managing Director of HA&W Benefit Advisors, a defined contribution and defined benefit third party administration, recordkeeping, and actuarial firm, prior to its merger into Tegra, and developed the organization’s recordkeeping platform. David is a member of the State Bar of Georgia and is licensed as an Investment Advisor Representative and Registered Representative with Securities America, Inc.. In addition, he is Tegra's Chief Compliance Officer and is responsible for the firm’s internal regulatory supervision.
Mary Jenkins is the Director of Tegra Financial Partners’ TPA and recordkeeping operations. With over 25 years’ experience in qualified retirement plan design, implementation, administration, recordkeeping, and reporting, Mary brings FRM detailed knowledge regarding the administrative, compliance, disclosure, fees, and fiduciary obligations associated with a qualified retirement plan.
Emily Novick is the Lead Investment Analyst for Tegra Financial Partners’ investment advisory operations. A level 2 Certified Financial Analyst candidate, Ms. Novick has substantial practical experience with the selection and monitoring of 401(k) investment products.
Keys Tinney serves as the Senior Vice President of iPro One, Inc. As a Certified Financial Planner, he was ranked in Wealth Manager Magazine in 2006, 2007, & 2008 as one of the top wealth managers in the country. He spent five years as Managing Partner/Founder of the leading independent wealth management firm in the Denver area. Keys also spent five years as a Financial Planner for a fee-based financial planning services company.
Paul West is the Chief Financial Officer of iProOne,Inc. He aligns the business plans, strategies, and implementations for all the divisions at iPro in order to ensure continuity across all of their clients and platforms. Paul also operates as President of iProOne Management, Inc., its SEC Registered Investment Advisory firm. Prior to joining iProOne, Paul was employed by Securities America, Inc. for over nine years. He held multiple leadership positions with the organization, with the most recent as an executive in Branch Development. In the accounting industry, Paul previously has worked with Capital Professional Advisors, where he was a member of the Board of Directors.