Hauser Insurance Group is committed to providing insurance products that protect its policyholders from risks associated with catastrophic loss events for their insured property, as well as offering a competitive Total Cost of Ownership solution. Our policyholders include a wide variety of individuals ranging from individuals, families, small businesses right up to large corporations with billions of dollars of assets invested.
Experts at Hauser Insurance opine that maintaining good fiduciary oversight is key to ensuring that the investments you make in your clients are prudent and well-managed. Using a fiduciary to help manage your advisor’s assets goes a long way towards demonstrating that you have kept due diligence even towards selecting an appropriate financial advisor.
Further, Hauser Insurance professionals state that when reviewing investment services, look for a consultant that assures you that he is a fiduciary certified professional and upholds the standards of care required to provide unbiased advice. Fiduciary oversight gives you peace of mind knowing that your advisor will not engage in any activity that may be financially detrimental to your financial goals.
As fiduciaries, plan sponsors owe beneficiaries several duties, including selecting qualified advisers and monitoring the selection and service providers due to their significant level of influence over the funds’ performance. Even if the advisor is not providing ongoing services, it is still vital for them to ensure that your financial goals get achieved by auditing the investments at least once a year or whenever there are substantial changes in your circumstances.
The prudent investor limit is based on prudence and does not mandate that investments made for 401(k) plan participants outperform comparable benchmarks such as value and growth indices. It requires that you avoid hazardous assets such as those with high degrees of market risk.
To fulfil their duties within ERISA regulations, managers should also consider how various investment options will perform relative to each other over specific periods. Expecting your before-tax contributions and after-tax savings are essential, but expecting your potential overall return.
Knowing that you will be receiving the maximum distribution allowed by law upon retirement or plan termination can help save significant taxes. It often happens that high-income individuals take what they view to be very conservative investment actions; however, these steps may jeopardize the tax efficiency of their policies in the long run.