What is IFLC's definition of a service provider that is also a fiduciary?
Any organization that either manages comprehensive and continuous investment decisions (including investment advisors, wealth managers, financial advisors, trust companies, financial consulting firms, investment consultants, financial planners, and fiduciary advisers) or that has discretion to select specific securities for separate accounts, mutual funds, commingled trusts, and unit trusts is a service provider with fiduciary responsibility.
Are there membership requirements?
Yes. Only service providers that have been certified against a fiduciary standard recognized by IFLC are eligible in this category for membership in IFLC.
What is the Investment Steward Channel?
A means for members that are providers of fiduciary services to gain recognition within the Investment Steward market. IFLC promotes the identity of organizations within their markets that are members of IFLC. Methods used to achieve this include notifications to trade associations that represent Investment Stewards in 25 industry segments. The number of distribution channels grows continuously.
What is an IFLC Fiduciary Survey?
Regular surveys of Investment Stewards are performed online or in written form and are available through periodic distributions to member. Recent topics include: what pension plan sponsors expect from their advisors, attitudes about fee disclosure, and eliminating overlap in fiduciary practices with investment providers.
What is Insights?
Once a quarter all members in the service provider - fiduciary category receive a newsletter that updates them on how members are using their certification for marketing and positioning, target market activities, and IFLC news.
Key Features of IFLC Membership for Pension Plans
- The Investment Steward Channel
- Survey results and archives
- Quarterly electronic issue of Insights
- Internet meetings
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