3/5/13 10:48 AM – Accredited Investment Fiduciary Designation

Last month I received the Accredited Investment Fiduciary designation (AIF). I have worked with retirement plans for many years but this training took me to a new level. I see consulting with retirement plans as the highest growth area for my business, although I will always continue to manage investments for individuals as well as retirement plans.

In retirement plan consulting, I charge an hourly fee based on my estimate of the time required. See the 401k page of my web site for what I do along that line.

If you are a senior executive or small business owner getting your plan run correctly according to ERISA and IRS rules, and in the eyes of the Department of Labor and anyone that might potentially sue you, is critical.

What I have found is that most plans under $10 million are in bad shape when it comes to regulatory compliance and risk management. Many are not even doing the compliance basics because they don’t know them, and the broker or insurance agent that serves as advisor has no clue, while the plan administrator is just collecting their fee for administration. This is not a light matter.

Let me know if you would like to talk about this or know someone you would like me to contact.

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