Cambridge Teams with Fiduciary Benchmarks

Cambridge Investment Research Inc. selected Fiduciary Benchmarks to meet ERISA’s 408(b)2 disclosure regulations, slated to go into effect July 1.  


The independent broker/dealer said it chose Fiduciary Benchmarks for its service and technology solution to help rep/advisers disclose fees, services and fiduciary status to comply with the new regulations.

“We understand this time of extreme change in the qualified plan market may also give rise to many advisers evaluating whether they can, or want to, continue in the market,” said Amy Webber, president and chief operating officer. “In contrast, given our long-time focus in this market, we have many successful Cambridge advisers across the country seizing the opportunity to work with those advisers stepping back from qualified plans. We also have Cambridge advisers ready to purchase retirement plan business from those electing to omit retirement plans from their business model.”

Fiduciary Benchmarks also enables independent advisers to access benchmarking technology and service that allows the ability to leverage the information from these disclosures to help determine the reasonableness of fees—a stated intent of the regulation. (See “Commonwealth Partners with Fiduciary Benchmarks.”)