There is no higher fiduciary duty than protecting the beneficiary’s capital.
Registered representatives, financial planners and brokers are all directly compensated by fee-sharing or commissions for providing their advice. They are investment salespeople, “vendors,” not independent consultants, and they’re definitely not fiduciaries.
Representatives (IARs) of Registered Investment Advisors are paid to recommend exclusively their own companies’ services. They too are investment salespeople, “vendors.” They are not independent, and they are definitely not objective or impartial.
Mullaney Trust does not provide investment management services to ERISA plans. We are investment risk and strategy consultants, not money managers; we exclusively represent our clients. This eliminates the most significant conflict of interest every ERISA plan fiduciary has with their so-called advisors. We are not compensated in any way by the investment managers we may recommend.
Fiduciaries Beware!
No Financial “Advisor” Will Provide You:
1. An objective analysis of the risks and weaknesses of the products and services they sell.
2. An objective analysis of the safety, costs, reliability, quality of service and potential for greater profits from competitors.
3. An objective analysis of completely different types of solutions from the solutions he sells. A building can be made of wood, masonry or metal. Because an independent architect sells no products, he can provide objective advice, tailored to your needs. Think of us as powerful, resourceful and objective architects and advocates.
We provide fiduciary services
independently and objectively:
- Analysis of the risks of your current investment strategies,
- Analysis of the risks of the specific investment holdings of your plan,
- Analysis of your current investment managers’ cost-competitiveness,
- A report on your current investment managers’ past performance,
- Referrals to alternative investment managers with uncorrelated strategies,
- Ongoing educational workshops for your employees, and
- Continuous monitoring and consultations on the risks and performance of your plan.
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
–Upton Sinclair