Services > Retirement Plans > Fiduciary Investment Counsel

 

Fiduciary Investment Counsel

 
Unlike firms who offer “assistance” or “guidance” with your investment responsibilities, LAMCO assumes the role as your Plan’s Discretionary 3(38) Investment Fiduciary, significantly reducing your responsibility and liability. Utilizing a time tested, prudent investment process, LAMCO customizes your investment offering to meet the unique needs of your Plan. From investment plan design through investment manager selection, LAMCO’s singular focus is on delivering quality and performance to your Plan’s Participants.

 

LAMCO’s Fiduciary Investment Solutions include:

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    		•  A customized Investment Policy Statement that clearly articulates investment objectives, risk tolerances, and portfolio restrictions.
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    		•  A carefully constructed Investment Menu tailored to your Plan demographics (Participant Directed Plans).
  		• An Asset Allocation study that seeks to maximize the probability of meeting the Plan’s return objectives consistent with the Plan’s risk tolerance, cash flow expectations and participant demographics (Trustee Directed Plans).
  		• A selection of Investment Managers for each asset class that meet our exacting standards.
  		• Constant review and evaluation of the Investment offering resulting in the implementation of adjustments to the investment offering structure and/or the investment menu when appropriate.
  		• Customized reporting to help you measure results and demonstrate a prudent evaluation process.

     

    "A fiduciary can…hire a service provider…to handle fiduciary functions, setting up the agreement so that the person or entity then assumes liability for those functions selected. If an employer appoints an investment manager that is…a registered investment advisor, the employer is responsible for the selection of the manager, but is not liable for the individual investment decisions of that manager."

     

    Department of Labor