Security Benefit Partners with Mesirow on Fiduciary Services

November 15, 2011 ( - 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.

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.