- Mesirow launches an integrated outsourced fiduciary program
with Capital Group, home of American Funds – the fifth largest
recordkeeper by number of plans1
- Mesirow continues to experience tremendous growth in service
adoption
- Mesirow's history of investing in technology enables growth
organically but Mesirow is also eyeing growth through
acquisition
CHICAGO, June 27,
2024 /PRNewswire/ -- Mesirow, an independent,
employee-owned financial services firm, announced the launch of its
outsourced Fiduciary Partnership Services at Capital Group, home of
American Funds. This integrated, outsourced fiduciary program is
overseen by Mesirow Fiduciary Solutions, which delivers a full
suite of fiduciary services to recordkeepers, sponsors, advisors
and participants through easy-to-understand investment
programs.
Capital Group will be Mesirow's 25th recordkeeper integration
since the group's inception in 2006. With this newest launch,
Mesirow will provide ERISA 3(21) and 3(38) Fiduciary Partnership
Services to plan sponsor and their advisors that use Capital
Group's turnkey products, RecordkeeperDirect and PlanPremier.
"We've had data connectivity to Capital Group in support of our
fiduciary automation and white-labeled services for broker-dealers
going back to 2019," said Michael
Annin, President of Mesirow Fiduciary Solutions.
"We are pleased to expand our existing partnership with Capital
Group to include our advisor-friendly Fiduciary Partnership
Programs."
This latest launch by Mesirow comes at an opportune time given
the fiduciary and regulatory climate, extensive growth in small
employer retirement plans and a need for advisors to leverage
service provider partners more to service their plan sponsor
clients at scale. Mesirow combines deep technology integration
through recordkeepers with a comprehensive due diligence and
automated reporting process to deliver robust outsourced fiduciary
services to all stakeholders, including plan sponsors and
advisors.
"Within the past decade, our services have experienced
tremendous growth with a particular focus on the 3(38) fiduciary
business model and advisor utilization. Even RIAs who can be a 3(38) themselves choose
us because they see the value in outsourcing manager due diligence
and fiduciary services in the small market," adds Annin. "As we
have grown, we have also invested heavily in our technology, which
enables us to increase scale organically but also allows us to look
beyond organic growth and seek to acquire strategically."
About Mesirow
Mesirow is an independent,
employee-owned financial services firm founded in 1937.
Headquartered in Chicago, with
offices around the world, we serve clients through a personal,
custom approach to reaching financial goals and acting as a force
for social good. With capabilities spanning Global Investment
Management, Capital Markets & Investment Banking, and Advisory
Services, we invest in what matters: our clients, our communities
and our culture. To learn more, visit mesirow.com, follow us on
LinkedIn and subscribe to Spark, our quarterly newsletter.
Mesirow has been named one of the Best Places to Work in
Chicago by Crain's Chicago
Business multiple times and is one of Barron's Top 100
RIA firms.
Media
mediainquiries@mesirow.com
Michael Herley | 203.308.1409
Mesirow refers to Mesirow Financial Holdings, Inc. and its
divisions, subsidiaries and affiliates. The Mesirow name and logo
are registered service marks of Mesirow Financial Holdings, Inc., ©
2024, Mesirow Financial Holdings, Inc. All rights reserved.
Investment management services provided through Mesirow Financial
Investment Management, Inc., Mesirow Institutional Investment
Management, Inc. and Mesirow Financial Private Equity Advisors,
Inc., all SEC-registered investment advisor, a CFTC registered
commodity trading advisors and member of the NFA, or Mesirow
Financial International UK, Ltd. ("MFIUK"), authorized and
regulated by the FCA, depending on the jurisdiction.
Award recognition
disclosures: mesirow.com/award-recognition-disclosures
- Source: PLANSPONSOR Magazine 2023 Recordkeeping Survey
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SOURCE Mesirow Financial Holdings, Inc.