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Heffernan Retirement Services - Because You're Different - San Francisco, CA


Call us at 800-437-0045

LPL Service Center (800) 558-7567

Fiduciary Services

We offer solutions to help plan sponsors address their fiduciary responsibilities through the effective use of investment committee training, plan governance, provider monitoring, and electronic document storage.

Fiduciary Best Practices

Investment stewards wear many professional hats. And while they may spend the least amount of their working life on retirement plan issues, their fiduciary role possesses the most significant amount of personal risk in the corporate arena. Inundated with primary job functions, finance and human resources executives lament their lack of time and tools to fulfill their fiduciary accountabilities, with a high level of confidence. This uncertainty is the main cause of their concern towards their personal liability as a fiduciary.

To address this void, Heffernan Financial Services offers fiduciary best practices that helps to promote excellence in plan management through efficient governance and monitoring. Heffernan Financial Services offers fiduciary best practices to its member advisors' plan sponsor clients.

Under this program, Heffernan Financial Services' clients seek to satisfy the following fiduciary functions with an uncompromised level of assurance:

  • Demonstrate prudence through a document trail;
  • Understand the key factors around investment management decision making;
  • Adhere to the plan document and the committees' investment strategies;
  • Avoid conflicts of interest;
  • Monitor service providers according to the new global benchmarks of fiduciary excellence.

Why Plan Sponsors Use Our Fiduciary Oversight Program:

  • Easy to Use
    Fiduciary functions can be managed more effectively, and with best practice you can save time, manage personal risk, and gain access to critical fiduciary tools.
  • Document Decisions
    Managed within a protected fiduciary document solution, investment committees can demonstrate ERISA’s prudence requirements through a trail of informed decisions. With a point and click, fiduciaries can evidence their investment rationale and map key decisions to the plan’s guiding documents.
  • Continuity of Conduct
    Best practices help to ensure a high level of continuity in the event of investment committee turnover. Our fiduciary best practices helps you preserve the integrity of past decisions and provide effective succession for future fiduciary governance.
  • Clarify Roles and Responsibilities
    We help investment committees align internal responsibilities and benchmark the services of operational platform providers such as administrators, record keepers, custodians, and investment managers.