Deals & People June 4, 2009

M Financial Group Adds Legacy Wealth as Member Firm

M Financial Group announced that Woodbury, Minnesota-based Legacy Wealth LLC joined as an M Member Firm.
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Legacy Wealth provides estate planning, wealth transfer, and asset management services for business owners and high-net-worth executives and professionals. Founded by Michael D. Brocker, president, the firm also includes “four experienced professionals who understand the industry and the needs of clients,’ according to a press release.

M Financial Group’s network of more than 120 independent insurance, investment, and executive benefit member firms in 36 states serve the needs of ultra-affluent individuals, corporate executives, successful entrepreneurs, and Fortune 1000 companies.

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More information about M Financial Group can be found at www.mfin.com and more information about Legacy Wealth can be found at www.legacywealthwisdom.com.

Products June 4, 2009

New Service Helps Fiduciaries Assess Investment Offerings

Kelley Drye&Warren LLP, an international law firm, and Rocaton Investment Advisors LLC, an independent investment advisory firm, have announced a new offering for 401(k) plan fiduciaries.
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The Plan Fiduciaries’ ERISA Compliance Investment Assessment provides insight into a range of issues that plan fiduciaries must address, including the need to offer investment alternatives with materially different risk and return characteristics, guidelines for preparing an investment policy statement (IPS), monitoring investment performance, and more, according to a press release.

The service will be provided by Kelley Drye & Warren LLP, which has a practice group dedicated to advising clients on employee benefits and executive compensation issues.

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“Substantial losses incurred by 401(k) accounts, a rise in class action lawsuits against fiduciaries for losses incurred by plans, and the Department of Labor’s attention to fees and expenses paid out of plan assets has intensified the pressure on plan fiduciaries to be extra cautious about their obligations under ERISA. Undertaking a compliance assessment is a prudent step to take,” said Richard Chargar, co-chair of Kelley Drye’s Employee Benefits and Executive Compensation practice, in the announcement.

More information is available at www.kelleydrye.com.

 

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