Fiduciary Investment Management Services

Welcome to Omega Investment Management, where fiduciary commitment is not just a service; it’s a philosophy. We understand the critical role fiduciary responsibility plays in safeguarding your employees’ retirement plans.

As a dedicated fiduciary consultant in Colorado, USA, we advocate for our clients’ best interests, maintaining objectivity and integrity that stands the test of time.

Why Fiduciary Investment Management Matters

Protecting Your Business

If you’re in management, your role as a fiduciary makes deciding on the right 401(k) advisor critical to protecting your business. With retirement plans surpassing Social Security as the most important income stream for Americans, regulatory scrutiny is increasing to safeguard employees. As outlined by the Department of Labor (DOL) in its publication, “Meeting Your Fiduciary Responsibilities,” failure to meet minimum expectations could result in personal liability for fiduciaries.

Minimum Requirements

To fulfill fiduciary responsibilities, plan fiduciaries (employers) must meet specific criteria outlined by ERISA. A friend, a relative, or an advisor not meeting these minimum services is falling short of fiduciary responsibility.

Key Requirements:

  1. Fee Documentation: Documenting fees paid to the recordkeeper, administrator, and the advisor.
  2. Annual Fee Reduction Requests: Requesting fee reductions annually for all parties involved and documenting those reductions.
  3. Fee Benchmarking: Benchmarking fees annually against similar employer plans to ensure competitiveness.
  4. Independent Fund Analysis: Using a third-party independent entity to perform thorough fund analysis.
  5. Quarterly Fund Reviews: Performing both quantitative and qualitative fund reviews quarterly and documenting these reviews for seven years.
  6. Investment Policy Statement (IPS): Creating an Investment Policy Statement and reviewing it annually to align with evolving financial goals.
  7. Document Maintenance: Ensuring the employer maintains all appropriate documents for transparency and compliance.
  8. Fiduciary Training Sessions: Conducting annual Fiduciary Training Programs in Arizona for management to stay updated on best practices and regulations.
  9. Prudent Management: Employing the same level of prudence, care, diligence, and skill that a knowledgeable person with similar expertise would utilize in managing a comparable enterprise.
Our Fiduciary Investment Management Approach

At Omega Investment Management as one of the leading fiduciary consulting firms in Minnesota, we go beyond meeting the minimum requirements. We are committed to excellence in Fiduciary Investment Management. Our approach is comprehensive, meticulous, and designed to protect your employees’ financial well-being.

Transparent Fee Structure

We ensure transparency in fee structures, documenting every aspect of fees paid to guarantee a clear understanding of the financial commitment.

Proactive Fee Management

Our team proactively seeks annual fee reductions for all parties involved, fostering cost-efficiency and enhancing the overall value of your retirement plan.

Rigorous Fund Analysis

Partnering with an independent third party, we conduct thorough fund analysis to ensure optimal investment choices aligning with your plan’s objectives.

Ongoing Documentation

Our commitment to documentation extends beyond minimum requirements. We maintain meticulous records of all reviews, sessions, and policy changes for a comprehensive historical perspective.

Tailored Investment Policy Statements

We work collaboratively to craft and refine Investment Policy Statements, ensuring they are not just compliant but strategically aligned with your evolving financial goals.

Continuous Education

Our Fiduciary Training sessions for Management are not just a box-ticking exercise; they are immersive experiences designed to keep your management team abreast of industry trends, regulatory changes, and best practices.

Personalized Advisory Support

Beyond the checklist, our team is dedicated to providing personalized support, leveraging our expertise to tailor solutions that align with your unique organizational characteristics and employee needs.

Secure Your Financial Future with Omega Investment Management

Choosing Omega Investment Management means choosing a Fiduciary Consulting Services in Texas that goes beyond the basics, offering a comprehensive and dedicated approach to securing your employees’ financial futures. Join us in the pursuit of fiduciary excellence.

Get in touch to explore how our Fiduciary Services for Businesses in Minnesota can benefit your organization.

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