Fiduciary Responsibility

As a Registered Investment Adviser with the SEC, Wellington Consulting Services, Inc. (WCS) offers the added benefit of being an ERISA Section 3(38)-defined “Investment Manager,” which is a discretionary fiduciary to your retirement plan.  As such, plan fiduciaries at your company enjoy a reduction in their personal risk due their delegation of investment management duties to Wellington.

Please note that most plan providers acting as “fiduciaries “ are doing so in a lesser fiduciary capacity and are NOT accepting any transfer of investment advisory risks from your company’s fiduciaries to the plan.

WCS helps to limit fiduciary liability in multiple ways, including:

  • Assistance in maintaining plan compliance with ERISA Section 404(c)
  • Available advice and assistance to plan participants regarding prudent selection from amongst the wide array of no-load and no-transaction-fee mutual funds available via Charles Schwab & Co., Inc. – as well as stocks, bonds, CDs and ETFs (if authorized by the plan sponsor)
  • Assistance and advice provided directly to plan participants by a team highly qualified Registered Investment Adviser Representatives to help them make informed decisions about their investments and retirement
  • Availability of a variety of mutual fund portfolios, managed by WCS on a fully discretionary basis, for those plan participants with less investment experience or limited time who would prefer to delegate the management of their retirement accounts to a professional money manager