AUL Teams with Mesirow for Fiduciary Service

American United Life (AUL) Retirement Services has recently teamed with Mesirow Financial’s Investment Strategies department to launch its Fiduciary Partnership Service.

Mesirow Financial takes fiduciary responsibility with respect to investment option selection and monitoring for AUL’s plan sponsor clients through this relationship with AUL, according to a news release.

A list of investment options from AUL’s platform is approved by Mesirow Financial for fiduciary coverage—providing the opportunity for a financial adviser working with a plan sponsor to have input in selecting investments for the plan lineup if desired, Mesirow Financial said.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

To further support the plan sponsor’s fiduciary responsibilities, Mesirow Financial said it delivers a quarterly reporting package, including market commentary and a detailed due-diligence report. The report covers issues with investment performance, organizational changes, legal concerns, investment policy changes, consistency of style, and expense.

More information is available at