Alerus Retirement Solutions Adopts Envestnet Platform

Alerus Retirement Solutions has entered into a partnership with Envestnet Retirement Solutions (ERS) to utilize ERS's adviser platform and fiduciary support services.
Alerus says the adoption of ERS’s fiduciary service offerings reaffirms its commitment to helping retirement specialist advisers focused on improving outcomes for plan sponsors and participants.
As the firms observe, changing market dynamics and evolving regulation around the role and definition of a fiduciary have led many plan sponsors to seek outside help from qualified professionals to ensure they are meeting their statutory and ethical obligations. ERS uses a proprietary “SCORE methodology” to examine the financial product universe and provide a workable subset of investments, allowing participants to construct well-diversified portfolios. 
Brian Overby, president of Alerus Retirement Solutions, says ERS’s combination of adviser platform capabilities and its fiduciary services made it “a natural choice for us to deliver value to our advisers.”
“Outsourcing the investment selection and monitoring duties doesn’t just give plan sponsors more time to work on their businesses—it also gives advisers more time to work with their plan sponsor clients,” adds Babu Sivadasan, group president for ERS.
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