Help insulate yourself from personal liability; understand your organization’s duties and set up the proper procedures and documentation through Robb Smith Business Solutions.

The Pension Reform Act of 2006 defined fiduciary responsibilities in light of such scandals as Enron. In the eyes of many, a “perfect storm” is brewing for those who hold such responsibilities and are unaware or misinformed of the need to have proper procedures and documentation. Being unprepared or underprepared can spell disaster for a business and create personal financial liability on the part of senior executives, board committee members and advising partner companies.

A SAFE is intended to assist Plan Fiduciaries in analyzing how well their organization meets a defined global fiduciary standard of excellence as well as to assist Plan Fiduciaries in improving their long-term investment performance. Some examples of the questions you must be able to answer if your organization is reviewed…

• Is there an Investment Policy Statement (IPS) which contains the details to define, implement, and manage a specific investment strategy? (Practice S-2.6)
• Are investment vehicles appropriate for the portfolio size? (Practice S-3.2)
• Are fees for investment management consistent with agreements and with all applicable laws? (Practice S-4.4)

If you cannot confidently answer “yes” to each, you and your organization may be at needless financial risk, professionally and personally.

Company executives and advisors such as attorneys, CPAs and financial advisors need to understand the risks and how to get – and stay – in compliance with the mandates of the Pension Reform Act of 2006. Set your organization on the right track; protect yourself, your executives, your board members, your employees and your clients. Contact Robb Smith Business Solutions for more information today on these fee-based services:

• IPS (Investment Policy Statement) Design and Implementation. If you don’t have an IPS, now is the time to do so before a review finds your company in violation of the Pension Reform Act of 2006. Robb has the accreditation and understanding of this complex law to help guide you through.
• Investment Committee Consulting. As a third party, Robb can help you and your board members develop procedures, monitor investments and have all the necessary paperwork completed and up-to-date.
  • By-Laws
  • Member
  • Ongoing Monitoring
  • Investment Review

Robb Smith has earned the Accredited Investment Fiduciary Analyst (AIFA) designation signifying his commitment to the highest standards of excellence for retirement plan fiduciaries and participants. See how he can help you.

For more information on Fiduciary definitions and online tools, visit www.fi360.com.

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