HELPING YOU ADDRESS your fiduciary duties

One crucial characteristic our institutional clients have in common is that they are financial stewards entrusted with the resources of others – whether it’s company 401(k) plan participants, pension plan retirees, charitable donors or employees saving in a health savings account.

You have a legal obligation to act as a prudent expert in decision-making and in the best interest of those who you serve. Your plan’s trustees, administrators and investment committee members are all subject to fiduciary responsibilities. They must act judiciously, adhere to the terms of the plan documents and avoid conflicts of interest. Those who do not can be held personally liable.

Your plan is required to have at least one named fiduciary, someone who is involved with plan administration and management and maintains control over investments or whoever gives investment advice regarding the plan’s assets. If no one is specified as the fiduciary in your plan documents, it is the responsibility of the board or business owner.

At 1792 Wealth Advisors, we are highly experienced in working with company retirement plans, nonprofits, endowments and foundations, collaborating with their directors, board members, trustees, attorneys and CPAs to serve as a trusted partner in helping them address their fiduciary responsibilities. It’s a task we take very seriously and work diligently to help mitigate risks and meet legal obligations.