Deals and People

Retirement Industry People Moves

By Javier Simon | July 14, 2017
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Mesirow Financial Partners with T. Rowe Priceon Fiduciary Services

Mesirow Financial is providing 3(21) and 3(38) fiduciary partnership services to plan sponsors and advisers working with T. Rowe Price Plan Services.

The 3(21) offering is an investment advisory program that provides a broad menu of investment options of which MFIM takes fiduciary responsibility. The 3(38) service option gives MFIM full discretion for selecting, monitoring, and replacing investment options within plan line ups if necessary.

“We’re excited to work with T. Rowe Price, its client plans and advisers,” says senior managing director, Michael Annin. “We’ve developed a fiduciary service integrating our newest automation, technology, and reporting capabilities with their platforms to create a solution that supports and complements financial advisers.”