CUNA Mutual Retirement Solutions is partnering with Envestnet | Retirement Solutions (ERS) to help financial advisers and plan sponsors meet their fiduciary obligations.
Changing market dynamics and evolving regulations have led many plan sponsors and plan advisers to consider outsourcing alternatives to ensure they fulfil their fiduciary responsibility.
ERS' Fiduciary Advantage delivers fiduciary protection to the retirement plan marketplace. Powered by technology, institutional-calibre research and an experienced staff of investment professionals, ERS helps enhance the plan sponsor/plan adviser relationship with fiduciary support and regular investment monitoring.
"We believe ERS will deliver the level of customisation advisors expect, along with an integrated platform that will bring both value and ease of use," says Chris Phillips, director of institutional sales for CUNA Mutual Retirement Solutions. "This plan fiduciary solution will provide enhanced data integration, research and analytic tools, as well as comprehensive reporting. It's everything retirement plan advisers and plan sponsors are looking for to meet their obligations to participants."
ERS uses both qualitative and quantitative criteria, and its proprietary ERS SCORE (Style, Cost, Organisation, Risk and Execution) methodology, to examine prospective financial products to ultimately provide a workable subset of investments.
"CUNA Mutual Retirement Solutions' central objective is to improve outcomes for advisers, plan sponsors and their participants, and we believe our Fiduciary Advantage is a strong complement to their mission," says Babu Sivadasan, group president, Envestnet | Retirement Solutions. "Outsourcing investment selection and monitoring doesn't just give plan sponsors peace of mind to focus on their businesses – it also gives advisers more time to work with their plan sponsor clients."