Piermont Retirement Plan Services

 

In today's retirement world, reports indicate that approximately 75% of outstanding retirement plans are sold by transactional brokerage houses or insurance companies.

The remaining 25% are provided by companies who, like Piermont, are independent SEC registered investment advisers.

In an attempt to highlight some of the advantages to working with an independent registered investment adviser, we have provided the following "Bundled Products" vs. "Piermont's Unbundled Services" chart. 

 

Bundled Products:

Piermont's Unbundled Services:
Sold predominantly by Brokers/Agents from Brokerage Firms and Insurance Companies;

Offered by Piermont, an SEC Registered Investment Advisor;
Co-Fiduciary liability usually does not extend to the Selling Broker/Agent; Fiduciary Reviews are not typically conducted with the Plan Sponsor and Investment Policy Statements are not provided;  Co-Fiduciary liability extends to the investment advice provided by Piermont;  Fiduciary Reviews are offered to the Plan Sponsor and Investment Policy Statements are provided;
Known for Hidden, Undisclosed or Exorbitant fees (a problem now being address by the Government); Piermont provides complete Fee Transparency to the Plan Sponsor and Participant, typically at lower costs;
Typically Poor to Mediocre Investment Choices; Best in Breed InvestmentChoices (the opportunity for 5* and 4* Morningstar rated mutual funds);
Lack of Quality/Quantity Educational Services to the Plan Sponsor and/or Plan Participant; and, Piermont’s Investment Educational Seminars to Plan participants; and,
Failure to provide One-to-One Educational guidance to a Plan Participant. Piermont’s One-on-One private Investment Guidance meetings to individual Plan Participant.

For more information about Piermont Retirement Plan Services, please call Philip Capell at 516-496-7888.
 
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