Managing Director Gary Handler can provide investment advisory services as an ERISA fiduciary in a 3(21) capacity, as set forth in, and subject to applicable agreements.
Raymond James will serve as an ERISA 3(38) Investment Manager for the plan and will accept full responsibility with respect to investment menu selection, ongoing monitoring, and investment option replacement, as set forth in, and subject to, applicable agreements.
This removes the task of investment selection from the HR executive or person in charge of benefits, as well as the vendor, and introduces a third party that acts as co-fiduciary.
Each retirement plan investment menu is developed in consideration of well-established fiduciary standards, and is backed by our philosophy of prudent, conservative management. A team of investment professionals at Raymond James Institutional Fiduciary Solutions provides all aspects of investment consulting – from strategy development and investment research to reporting, periodic reviews and supervision.