AUL Teams with Mesirow for Fiduciary Service

June 9, 2010 ( – American United Life (AUL) Retirement Services has recently teamed with Mesirow Financial’s Investment Strategies department, to launch its Fiduciary Partnership Service. 

According to a news release, Mesirow Financial takes fiduciary responsibility with respect to investment option selection and monitoring for AUL’s plan sponsor clients through this relationship with AUL.

The news release said a list of investment options from AUL’s platform is approved by Mesirow Financial for fiduciary coverage. This provides the opportunity for a financial adviser working with a plan sponsor to have input in selecting investments for the plan lineup if desired. 

To further support the plan sponsor’s fiduciary responsibilities, Mesirow Financial delivers a quarterly reporting package, including market commentary and a detailed due-diligence report. The report covers issues with investment performance, organizational changes, legal concerns, investment policy changes, consistency of style and expense.

 More information is