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.
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 www.mesirowfinancial.com.