With 78 million Baby Boomers fast approaching retirement age the issue is not getting any smaller; one notable industry development includes a recent repeal of the so-called “Merrill Lynch Rule”, which allowed brokers who were not registered investment advisers enter into an ongoing fee-based relationship with their 401(k) clients. The change makes retirement plans more susceptible to a breach in their fiduciary responsibilities. Another is a February, 2008 U.S. Supreme Court ruling in the case of LaRue v. DeWolff Boberg & Associates, Inc., which allows plan participants to sue employers over mismanagement of their investment portfolio.
“Our goal is to guide fiduciaries to heal the U.S. retirement system and provide financial security for American workers through prudent processes and measured outcomes,” explains Al Otto, founder and CEO of OneFiduciary Group, LLC, an Atlanta-based registered investment adviser with a unique service option that enables clients to offload their entire investment fiduciary risk.
Otto is a nationally recognized thought leader in the retirement plan industry with more than 25 years of experience and is an Accredited Investment Fiduciary Analyst™. His long-time focus on stewardship, transparency with regard to excessive 401(k) fees and prudent market capital guidance is reflected in numerous articles published in trade journals.
The firm’s highly experienced management team features half a dozen seasoned retirement professionals who serve plan committees in the midsize market of $5 million to $250 million in assets under management. This market is traditionally is laden with fees – some hidden in the fine print of complex revenue-sharing arrangements.
OneFiduciary Group provides a single source solution to manage a retirement plan sponsor’s fiduciary risk, optimize investment results, obtain full fee disclosure, promote employee success and achieve effective plan design. The company offers two fiduciary service options that include a traditional investment advisory service and a higher level service designed to transfer all investment risks away from the plan fiduciaries.
For more information, contact:
Brad L. Larsen
Director of Sales & Marketing
1-888-382-8010
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