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 atmesirowfinancial.com.