Fiduciary Partnership Services

Outsourced fiduciary services 

A fiduciary’s role comes with a heavy burden of accountability for the investment options that they offer to participants.  Available through partnerships with many of the nation's leading recordkeepers, Mesirow's  3(21) and 3(38) Fiduciary Partnership Services are trusted solutions to plan sponsors and their advisors.

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How we can help

As an industry pioneer of 3(21) and 3(38) plan level fiduciary services, we have a deep understanding of what it takes to launch and maintain successful fiduciary services.

We will focus on investment due diligence allowing you to focus on your day-to-day business activities. 

We offer

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3(21) "Help me do it"

Under our 3(21) Fiduciary Partnership Service, we provide you with our Elite List – a broad menu of approved funds across asset classes for which we take fiduciary responsibility.

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3(38) “Do it for me”

Under our 3(38) Fiduciary Partnership Service, we take full discretion for selecting, monitoring and, if necessary, replacing investment options within the plan lineup.

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Flexible implementation

Both 3(21) and 3(38) Fiduciary Partnership Services offer customized design strategies allowing for auto-execution for failing funds, custom discretionary lineup designs for sponsors and fund mapping directions from previous plan lineups.

Why Mesirow

Expertise

Our research and analyst teams apply our PrecisionAlpha® process, a proprietary manager selection methodology, when developing investment strategies for plan lineups and custom default solutions.

Legal protection

We defend all claims within the scope of our fiduciary duty. Indemnification for plan sponsors and advisors is not subject to a liability cap.¹

Plan reporting

We provide a comprehensive set of reports and plan communication that includes:

Investment policy statement

Quarterly Mesirow Investment Review

Quarterly market commentary, and

Fund notices

Support

Dedicated support team that spans across functions - sales, operations, analysis, and technology.

Interested in learning more?

 

1. If the plan sponsor and/or any agent to the plan is sued by a third party claiming that Mesirow breached its fiduciary duty, the liability to Mesirow is uncapped and Mesirow will step in and defend the claim.

The specific legal protection offered by Mesirow is governed by the agreement between Mesirow and the plan sponsor. Nothing herein is intended to modify such agreement. Advisory services offered by Mesirow Financial Investment Management, Inc., an SEC-Registered Investment Advisor. Securities offered through Mesirow Financial, Inc., member FINRA and SIPC. Advisory Fees are described in Mesirow Financial Investment Management Inc.’s Part 2A of the Form ADV. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc.