Investment Policy Statement (IPS)
Failure to Utilize An Investment Policy Statement (IPS)
Do you present yourself as an investment expert? Do you have any formal training or hold any FINRA or other governing body licenses or certifications that would substantiate that you’re an investment expert? Could you document that a specific mutual fund, CIT or other investment in your retirement plan was selected using a prudent process?
This is not an area where you can simply ask your provider or advisor for an investment policy statement and simply check the box. Your IPS is the cornerstone of fulfilling your fiduciary responsibility regarding investments.
Through our relationship with RPAG we provide an ongoing and timely benchmarking process which employs both quantitative and qualitative metrics., called the B3 Provider Analysisä system. Ultimately, the final report documents whether your plans current fees, services and investment are competitive with the marketplace helping plan fiduciaries meet their responsibilities a set forth by ERISA.
Aegis Retirement Group and LPL Financial are not affiliated with RPAG.
Fiduciary Services 3(21) and 3(38)
We consult with you to help you structure your retirement plan and design your plans investment offerings. We serve as the investment fiduciary and can assist with the process as a 3(21) or 3(38) fiduciary.
3(21) Co-Fiduciary
- Supports with drafting the Investment Policy Statement (IPS)
- Supports with implementing a retirement plan committee charter
- Recommends the investment fund menu
- Regularly provides ongoing investment reporting and monitoring
- Recommends investment changes based on IPS methodology
- Discusses investment strategies
- Provides meeting minutes, documentation, and digital fiduciary briefcase
3(38) Investment Manager Fiduciary
- Supports with drafting and maintaining the Investment Policy Statement (IPS)
- Supports with implementing a retirement plan committee charter
- Selects the investment fund menu
- Regularly provides ongoing investment monitoring
- Reports and makes investment changes consistent with IPS
- Determines investment mapping strategies
- Provides meeting minutes, documentation, and digital fiduciary briefcase
Request a complimentary consultation
Securities offered through LPL Financial, member FINRA/SIPC. Investment advisory services offered through Global Retirement Partners, LLC (GRP), a registered investment advisor. Insurance services offered through HUB International. Aegis Retirement Group, a division of HUB International, GRP, and HUB International are separate entities from and not affiliated with LPL Financial. Aegis Retirement Group is the approved name under which LPL Financial business is conducted.
GRP Advisor Alliance is an independent network of retirement plan focused advisors. GRP Advisor Alliance is not affiliated with or endorsed by LPL Financial.
The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Check the background of investment professionals associated with this site on FINRA’s BrokerCheck
901-350-7342
5100 Poplar Avenue, Suite 2123,
Memphis, TN 38137