Compliance April 18, 2016

DOL Announces Several Fiduciary Responsibilities Events

The agency is offering its “Getting It Right – Know Your Fiduciary Responsibilities” seminar in five locations.
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The Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting five fiduciary responsibilities seminars from May through August, in locations across the country.

The “Getting It Right – Know Your Fiduciary Responsibilities” seminar series aims to increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan. Specifically, discussion topics will include:

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  • Understanding your plan and your responsibilities;
  • Carefully selecting and monitoring service providers;
  • Making contributions on time;
  • Avoiding prohibited transactions; and
  • Making appropriate disclosures to plan participants and filing annual reports to the government on time.

The list of seminars, including locations, dates and links to register, are as follows:

Products April 18, 2016

Wilshire Unveils Wealth Management Platform

The new Wilshire Wealth Management Platform is powered by VestmarkONE. 
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Wilshire Funds Management, a business unit of the global investment manager Wilshire Associates, announced the Wilshire Wealth Management Platform, “an end-to-end adviser platform that leverages technology from leading financial solutions provider Vestmark.”

“Many investment advisers are looking for a single institutional quality partner to provide a comprehensive set of asset management services and technology that best fit their needs,” explains Jason Schwarz, president of Wilshire Funds Management. “While a number of existing providers offer varying features, it’s challenging to find one that performs the complete range of asset management tasks well.”

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Powered by VestmarkONE, he says the Wilshire Wealth Management Platform is “uniquely positioned to fill this void, combining our industry-leading manager research and selection with a full range of tools for proposal generation, portfolio construction and ongoing management, tax overlay, and customized reporting.”

The solution provides institutions, registered investment advisers (RIAs), and family offices with “turnkey access to Wilshire’s market-tested investment strategies and research.” Client accounts managed by Wilshire Funds Management will utilize VestmarkONE, described as “a real-time unified wealth management technology solution.”

According to the firms, the technology underlying the Wilshire Wealth Management Platform “eliminates the disparate infrastructure that prevents many advisers from seamlessly delivering their investment advice to clients.”

For more information, visit http://advisor.wilshire.com. 

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