ongoing monitoring of existing funds and fund searches,
fee analysis and open book accounting implementation,
construction and monitoring of pension portfolios,
recordkeeping vendor searches,
investment policy creation, and
development of model portfolios within the Plan’s offerings.
Total disclosure of all vendor and investment fees is an important service that AFS offers (top rated concern from 3,247 Plan Sponsors – Plan Sponsor Magazine, 2004). Combining this with the ongoing investment monitoring, we feel this is a must for any Plan Sponsor concerned about today’s fiduciary liability.
In light of recent inquires by regulatory agencies concerning conflicts of interest within the investment consulting industry we disclose the following to our current and prospective clients:
AFS is not a broker dealer and can not execute trades placed by money managers,
AFS does not accept compensation of any kind for including service providers in the searches we perform,
AFS does not accept commissions or revenue of any kind from third parties,
AFS does not accept compensation (either direct or indirect) for arranging meetings between service providers or money managers and clients,
AFS does not accept gifts or gratuities valued at more than $100,
AFS uses Charles Schwab as a custodial agent for our high-net worth clients but does not receive any preferential treatment (greater than other like RIAs) for placing retirement assets with one of Schwab’s related companies.
