CDM Retirement Consultants (CDM) has selected Envestnet | Retirement Solutions (ERS) fiduciary services offering.
The partnership with ERS will provide retirement plan financial advisors and sponsors access to new fiduciary solutions.
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The ERS’s fiduciary services offering will also offer retirement plan-focused financial advisors access to an extensive suite of solutions.
ERS said that it uses its qualitative and quantitative criteria as well as its SCORE methodology to examine the financial product universe to provide investments that allow participants to create well-diversified portfolios.
Chip Earle, Principal at CDM, said: "ERS works closely with our clients’ trusted advisors to customize an investment menu in accordance with an Investment Policy Statement and then conducts ongoing investment research according to those criteria."
Babu Sivadasan, group president of ERS, said: "Outsourcing the investment selection and monitoring duties doesn’t just give plan sponsors more time to work on their businesses, it also gives advisors more time to work with their plan sponsor clients."
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