In Practice January 18, 2011

Mesirow to 'Investigate' Investments

Mesirow Financial is introducing its POLICE Report, which actively monitors and evaluates investments based on quantitative and qualitative criteria.
Reported by
A press release said Mesirow’s Investment Strategies team begins by creating the Mesirow Financial Elite List, which covers a range of funds in asset classes and identifies those that are appropriate for long-term retirement investing. Once established, the Mesirow Financial POLICE Report identifies current and potential issues involving the managers and investment options on the Elite List on a quarterly basis.  The report is compiled in conjunction with the firm’s Fiduciary Partnership services for defined contribution providers.

According to the announcement, POLICE stands for: 

  • Performance – Ranks all funds versus their appropriate peers; 
  • Organization – Tracks personnel and ownership changes; 
  • Legal – Discloses lawsuits, settlements, or regulatory issues; 
  • Investment Policy – Identifies changes in strategy and/or operations; 
  • Consistent Style – Pinpoints all style issues based on historical returns; and 
  • Expenses – Compares fees to a peer group average to assess the competitiveness.

Mesirow Financial’s Investment Strategies group has been granted registered trademark status from the U.S. Patent and Trademark Office for the Mesirow Financial POLICE Report. 

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Products January 18, 2011

UNIFI Takes on Ameritas Brand

As of January 1, 2011, Ameritas Retirement Plans, a division of Ameritas Life Insurance Corp., is the new name for UNIFI Companies Retirement Plans, in all states except New York.
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According to a press release, the retirement plans division in New York transitioned to First Ameritas Retirement Plans, a division of First Ameritas Life Insurance Corp. of New York, on October 1, 2010. Ameritas Life Insurance Corp. and First Ameritas Life Insurance Corp. of New York will issue all new retirement plans business.   

In addition, it was announced that effective January 1, Jeff Pytlinski leads the business development and distribution area and Scott Holechek leads government plans and client relationships.  

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James D. Schulz, senior vice president – Ameritas Retirement Plans, said in the announcement: “Moving forward with the Ameritas Retirement Plans brand will allow us to build upon our core competencies, agency distribution strength and market strategies.”

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