Institutional Consulting Services

NYSEJFS Wealth Advisors serves our institutional clients in understanding and meeting their fiduciary responsibilities. We assist you in screening and reviewing money managers and selecting those that best fit your needs based on your investment policy statement. We continuously monitor and report on the money managers, making recommendations for changes when appropriate.

You and JFS Wealth Advisors share in the fiduciary responsibilities of overseeing the investment management process. We work diligently with you to provide initial and ongoing education on the standards applicable to the management of your assets.

Our Duties and Responsibilities

  • Know standards, laws, and trust provisions.
  • Design an investment policy statement and an investment portfolio.
  • Search for appropriate money manager(s) based on the investment policy statement.
  • Review investment portfolio vs. market indices.
  • Monitor and report performance of individual managers and service vendors.
  • Rebalance the portfolio when appropriate.
  • Recommend and implement changes when needed.
  • Control and account for investment expenses.
  • Assist fiduciaries with all components of the investment process.
  • Educate and communicate with the client on a continual basis.
  • Work with HR officials and actuaries to determine near and long-term cash requirements.

Many individuals and groups act as fiduciaries without understanding the liabilities associated with these duties. A fiduciary is a person or entity with responsibility for making financial decisions on behalf of and in the best interest of an individual or group.

JFS Wealth Advisors assists in fiduciary compliance by structuring the investment process to the fiduciary standards as legislated by ERISA (Employee Retirement Income Security Act), UPIA (Uniform Prudent Investors Act), and UMPERS (Uniform Management of Public Employee Retirement Systems Act).

ERISA Requirements

What it means to you, the fiduciary:

  1. Make decisions based solely on the best interest of plan participants.
  2. Prepare and maintain a written investment policy statement.
  3. Prudently select investment options.
  4. Control and account for all investment, record keeping, and administrative expenses.
  5. Avoid prohibited transactions and conflicts of interest.
  6. Monitor and supervise all service vendors and investment options.

For more information or for an analysis, please contact Deb Stiger  via email or phone, 724-962-3200 or toll free, 877-745-1700.

        
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