Envestnet Retirement Fiduciary Services
With more and more states requiring businesses to offer their employees retirement plans, offering retirement planning services can help you attract more clients and grow your business.
With more and more states requiring businesses to offer their employees retirement plans, offering retirement planning services can help you attract more clients and grow your business. However, this also comes with significant liability, as you must adhere to strict regulations and prove that every decision made is in the best interest of your clients. The fiduciary duty requires advisors to be diligent, transparent and meticulously documented in their work. Failing to meet these responsibilities can lead to legal and regulatory consequences. Fortunately, there are partners available to help you enter and grow this business without taking on the full fiduciary burden.
Learn more about Envestnet's 3(21) and 3(38) fiduciary services.