Instead, the firm charges hourly and project-based fees.Īs a service provider, ARC aims to offer “unbiased search capabilities, a rigorous selection process and/or proper benchmarking capability for measuring the cost/benefit tradeoffs and monitoring them at a prudent expert level,” according to the press release. “What’s unique about what we’re doing is combining our two experience sets in such a way that we can bring an ERISA-standard solution to sponsors who seek objective information.” No CommissionsĬhamberlain says ARC’s business model does not involve the firm getting any commissions from insurance products, nor do they receive fees based on assets under management. “When you combine an annuity contract, which is considered by most to be pretty complex, with the intricacies of the asset management industry … there’s a need for plan sponsors to understand what’s going on under the hood,” Chamberlain says. Richter-Gordon and Chamberlain have a combined 60 years of experience in both the insurance and asset management industries, which they say makes them unique and enables them to analyze complicated annuity contracts.
Michelle Richter-Gordon, the executive director at the Institutional Retirement Income Council, and Mark Chamberlain, the founder of the Open Architecture 2020 Group, announced Tuesday the formation of their fee-only consultancy for 401(k) retirement plans and their recordkeepers.ĪRC’s goal is to “transform the DC industry’s approach to investigating lifetime income options by bringing an outside expert specialist resource to those who seek objective, thorough and analytical annuity advice,” the introductory press release stated.Īfter teaching together at the Center for Board Certified Fiduciaries, Richter-Gordon and Chamberlain say they realized there are many RIAs who are unlikely to become annuity experts, so they decided to lead by example. Diligent Boards is available for purchase on a per user per year basis.A new registered investment adviser, Annuity Research & Consulting, has entered the market aiming to help plan sponsors that want to offer annuities to their participants and need help with the insurance provider selection process.
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Board members can access information online and offline with the option to store materials locally.Īdministrators in charge of running meetings can maintain an agenda archive, update resource repositories, create custom questionnaires, count board votes and signatures and manage access to offline materials for board members.ĭiligent Boards offers support via email or phone and periodic webinar tutorials for training on new materials. Users that are attending board meetings on Diligent Boards can view current and past meeting archives, manage annotations, view shared resource repositories and access contacts and calendars.
Cloud-based and on-premise deployment options are available. Designed for small and large businesses, Diligent Boards aids in creating digital materials to support any organization with a board. Diligent Boards is a content management solution for creating, distributing and collaborating on board meeting materials.
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