A fiduciary stands in a special relationship of trust, confidence, and/or legal responsibility. All defined contribution plan sponsors have specific fiduciary responsibilities as defined by ERISA.
Axxcess Wealth delivers fiduciary quality investment sourcing, asset allocation, portfolio construction, and performance reporting services – customized for each plan.
These duties require expertise and a significant devotion of time and resources. The focus on this area by regulators has never been at higher levels. We at Axxcess understand fiduciary compliance standards. We also know how to incorporate some of the industry’s best tools and resources for our clients.
Axxcess Wealth delivers fiduciary quality investment sourcing, asset allocation, portfolio construction, and performance reporting services – customized for each plan.
Our process starts with objective Investment diligence:Axxcess Wealth will conduct a comprehensive fiduciary-level review of your plan’s current lineup of mutual funds, ETFs, separate accounts, variable annuities, and insurance group separate accounts. We utilize an objective peer percentile ranking system.
Investments are ranked against a set of quantitative due diligence criteria selected to reflect prudent fiduciary management. The criteria include total returns, risk adjusted returns, expenses, and other portfolio statistics. Investments are ranked according to their ability to meet due diligence criteria every calendar quarter. Axxcess has powerful investment research capabilities incorporate Morningstar data to deliver detailed performance information, expense calculations, and other investment statistics on every option in your lineup, as well as, a proprietary fi360 Fiduciary Score® that rates the investment option’s suitability as a prudent investment choice (see the FI360 Fiduciary Score® on www.fi360.com).
We can use those capabilities to conduct a fiduciary review of investments in your existing portfolio, recommend a new investment lineup, and create customized “watch lists” of existing investments in your portfolio that need to be closely monitored or prospective investments that you may wish to add to your portfolio at a future time.
The Investment Oversight Committee (AWM IOC) evaluates investments on fourteen different criterion across a spectrum of quantitative data points to determine if the investment meets a minimum fiduciary standard of care. The fourteen criteria include: regulatory oversight, track record, assets in the investment, stability of the organization, composition consistent with asset class, style consistency, expense ratio/ fees relative to peers, risk-adjusted performance relative to peers, and performance relative to peers.