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Fidelity Unveils Fiduciary Service

Fidelity Investments® has launched a program to help plan sponsors and advisors who consult on retirement plans with the selection and monitoring of investments while providing increased liability protection.

The firm’s Third-Party Fiduciary Services program links those sponsors and advisors who seek outside fiduciary expertise to their choice of three providers: Mesirow, Morningstar or Wilshire.

The new program provides ERISA 3(21) support by offering sponsors and advisors investment selection help, continuous monitoring of funds, detailed quarterly reporting, and recommendations for removal and replacement of an investment that may no longer qualify. Together, these services help mitigate a sponsor’s risk and liability.

For plan sponsors that independently hire ERISA 3(38) investment managers to make fund selection decisions for the plan, an optional offering within Third-Party Fiduciary Services enables Fidelity to accept direction straight from 3(38) investment managers. This option ensures that all parties — sponsor, advisor and Fidelity — benefit from an efficient and timely process.

To learn more about the value-adds for advisors offered by Fidelity’s DCIO, visit their NAPA Partner Corner page.

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