For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products November 15, 2011
Security Benefit Partners with Mesirow on Fiduciary Services
November 15, 2011 (PLANSPONSOR.com) - Security Benefit Corporation, a Guggenheim Partners Company, has chosen Mesirow Financial, a diversified financial services firm, to provide its independent fiduciary services to Security Benefit's customers.
Reported by Rebecca Moore
Under the agreement, Mesirow Financial’s Investment Strategies department will select, monitor and report on investments available inside select Security Benefit products. In addition, the firm automatically replaces investments that do not meet its rigorous standards.
“By bringing Mesirow Financial’s 3(38) fiduciary services to the table, we’re able to provide a complete turnkey fiduciary risk-mitigation product for Security Benefit’s 401(k) clients and distributors,” says Jim Mullery, president of Security Distributors.
Mesirow Financial’s investment selection methodology involves an extensive review process and selects an investment line-up corresponding to retirement plan asset classes appropriate for long-term investing.