Fiduciary Vault

Your clients, as fiduciaries, have important responsibilities and are subject to specific standards of conduct.

This includes carrying out their fiduciary duties prudently—one of the central responsibilities under ERISA—and diversifying plan investments. It also requires expertise in investment selection, ongoing monitoring and due diligence. With that in mind, we offer you tools and best practices to help you build your Fiduciary Vault.

Investments and reporting

Mesirow Investment Review

When you outsource 3(21) and/or 3(38) fiduciary services to Mesirow, you and your clients will receive critical quarterly reports that assist in the ongoing monitoring of investments.

Download sample report

Templates and tools

Mesirow provides you with access to templates, tools, and best practices to help you build your fiduciary vault.

Investment Policy Statement (IPS)

An IPS is a blueprint for a retirement plan’s investment selection and monitoring process, and outlines the goals of the Investment Committee in selecting an investment lineup. We offer IPS templates for you and your clients to use and adopt as their own.

Investment Committee best practices

An Investment Committee helps provide a clear, investment decision-making process that is documented, repeatable and sustainable. This guide will help you and your clients with the most important aspects to consider when setting up an Investment Committee.

Download guide

Investment Committee Meeting Agenda

It is important to have an agenda for each Investment Committee meeting, even when there are no changes that have been made. Download the template to see what a sample meeting agenda might look like.

Download template

Investment Committee Meeting Minutes

In addition to an agenda, each Investment Committee meeting should also be accompanied by a detailed set of meeting minutes. Here is a template that can serve as a guideline for what meeting minutes could look like.

Download template

Why outsource your fiduciary role?

Advisors choose to partner with Mesirow to help alleviate some of the responsibility associated with being a plan fiduciary, creating time and capacity to focus on building your practice and partnering with your clients to address important plan aspects.

Other key benefits include:

You remain plan expert and key contact
Legal protection ― Mesirow is well capitalized to defend all claims within the scope of its fiduciary duty and provides indemnification for advisors and plan sponsors.
Extra layer of independent fund due diligence ― Our proprietary PrecisionAlpha^® process can effectively evaluate a manager’s true potential for success and active level of risk.*
Simplicity ― Mesirow oversees a diversified investment lineup designed to help your plan sponsor clients and their employees save for a secure retirement. This is complemented by quarterly reporting which is easy for plan sponsors to understand.
Expertise ― As the industry pioneer of outsourced fiduciary services, Mesirow has been providing fiduciary services since 2006; our investment team of PhDs, CFA charterholders and MBAs have developed a prudent, tested process for supporting the investment selection and ongoing monitoring and due diligence of retirement plan investments.

* If the plan sponsor and/or any agent to the plan is sued by a third-party claiming that Mesirow breached its ERISA 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 Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2024, Mesirow Financial Holdings, Inc. All rights reserved.