Products October 28, 2010

Ascensus Joins with Mesirow for Fiduciary Protection Offering

October 28, 2010 (PLANSPONSOR.com) – Ascensus has partnered with Mesirow Financial’s Investment Strategies Group to deliver investment fiduciary protection to plan sponsors.
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Through this program, financial advisers work off of a targeted list of funds to build custom investment menus for their clients with the added benefit of Mesirow Financial’s expertise, Ascensus said in a news release.

Using Ascensus’ open architecture investment platform as the basis, Mesirow Financial assumes fiduciary responsibility for identifying and monitoring suitable investment options for participating retirement plans.

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“With this added layer of independent fiduciary protection for plan sponsors, financial advisers are able to provide both the guidance their clients depend on and the coverage their clients are seeking,” said Bob Guillocheau, president of Ascensus, in the news release.

To further support the plan sponsor’s fiduciary responsibilities, Mesirow Financial will deliver a quarterly reporting package, including market commentary and a detailed due-diligence report known as the Mesirow Financial POLICE Report.  The report covers investment performance, organizational changes, legal concerns, investment policy changes, consistency of style, and expenses.

More information is at www.ascensus.com.

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