Products June 26, 2019
Mesirow Offers Fiduciary Automation Technology Service
The Mesirow Financial Fiduciary Automation Service Technology provides broker-dealers the same automation and compliance engine that Mesirow uses to service its own 3(21) and 3(38) fiduciary service clients.
Reported by Lee Barney
Mesirow Financial has announced a technology and fiduciary automation solution for broker/dealers (B/Ds) to help with their fiduciary management. Cetera Financial Group has signed on to become the initial partner.
The Mesirow Financial Fiduciary Automation Service Technology (Mesirow Financial FAST) provides B/Ds the same automation and compliance engine that Mesirow uses to service its own 3(21) and 3(38) fiduciary service clients.
The service provides automated deliverables that can be customized to each B/D’s branding requirements, sent directly to advisers and plan sponsors. It can serve both 3(21) and 3(38) programs. It has automated plan-level compliance checks, home office reporting and trade instruction delivery to participating recordkeepers.
Furthermore, its compliance engine and adviser portal provides home offices with the tools to monitor their entire fiduciary business, and it can implement a B/D’s investment due diligence process across any number of recordkeepers.
“As a leader in outsourced fiduciary services, we continue to develop robust automated solutions in response to the needs of retirement plan stakeholders and have successfully implemented a number of key technology and compliance infrastructure enhancements throughout the defined contribution marketplace,” says Michael Annin, head of investment strategies at Mesirow Financial. “We are delighted to partner with Cetera and give their advisers access to technology to efficiently service their retirement plan clients.”
The Mesirow Financial Fiduciary Automation Service Technology (Mesirow Financial FAST) provides B/Ds the same automation and compliance engine that Mesirow uses to service its own 3(21) and 3(38) fiduciary service clients.
The service provides automated deliverables that can be customized to each B/D’s branding requirements, sent directly to advisers and plan sponsors. It can serve both 3(21) and 3(38) programs. It has automated plan-level compliance checks, home office reporting and trade instruction delivery to participating recordkeepers.
Furthermore, its compliance engine and adviser portal provides home offices with the tools to monitor their entire fiduciary business, and it can implement a B/D’s investment due diligence process across any number of recordkeepers.
“As a leader in outsourced fiduciary services, we continue to develop robust automated solutions in response to the needs of retirement plan stakeholders and have successfully implemented a number of key technology and compliance infrastructure enhancements throughout the defined contribution marketplace,” says Michael Annin, head of investment strategies at Mesirow Financial. “We are delighted to partner with Cetera and give their advisers access to technology to efficiently service their retirement plan clients.”