Fiduciary Audit Package

Allied Wealth Management offers plan sponsor fiduciaries (known as Investment Stewards) the most extensive protection available in the market. Unlike many competitors, we are willing to provide investment advice to qualified plans and will acknowledge our fiduciary status in that regard, as required by ERISA. In addition, we can assist plans in meeting their other duties to participants through effective committee training, participant education, and electronic data storage.

Fiduciary Oversight

Investment stewards wear many professional hats. And while they may spend the least amount of their working life on retirement plan issues, their fiduciary role possesses the most significant amount of personal risk in the corporate arena. Inundated with primary job functions, finance and human resources executives lament their lack of time and tools to fulfill their fiduciary accountabilities, with a high level of assurance and protection. This uncertainty is the main cause of their concern towards their personal liability as a fiduciary.

To meet this void, Allied Wealth Management offers a fiduciary oversight program that delivers protection and excellence in plan management through independent governance and monitoring. Allied Wealth Management offers the fiduciary oversight program to its member advisors' plan sponsor clients.

Allied Wealth Management can help plan sponsors meet their fiduciary duties and ease their anxiety by showing them how to:

Demonstrate prudence through a document trail;
Understand the key factors around investment management decision making;
Adhere to the plan document and the committees' investment strategies;
Avoid conflicts of interest;
Monitor service providers according to the new global benchmarks of fiduciary excellence.

Why plan sponsors use our fiduciary oversight program:

Easy to Use

Allied Wealth Management will specifically detail the services it will provide to the plan sponsors in a written agreement. This level of transparency will save plan sponsors time and money while they gain access to the tools and services we can provide to help them meet their fiduciary responsibilities.

Document Decisions

Managed within a protected fiduciary document solution, investment committees can demonstrate ERISA's prudence requirements through a trail of informed decisions. With a point and click, fiduciaries can evidence their investment rationale and map key decisions to the plan's guiding documents.

Continuity of Conduct

We can assist plan sponsors in providing continuity when new members are brought into the investment committee by documenting past decisions and training new members on their roles and responsibilities.

Clarify Roles and Responsibilities

We help investment committees align internal responsibilities and benchmark the services of operational platform providers such as administrators, record keepers, custodians, and investment managers.