American United Life (AUL) Retirement Services Teams with Mesirow Financial's Investment Strategies Group
CHICAGO, June 9, 2010 — American United Life (AUL) Retirement Services has recently teamed with Mesirow Financial's Investment Strategies department, an independent investment consultant specializing in manager due diligence and asset allocation, to launch its Fiduciary Partnership Service. Through this relationship with AUL, Mesirow Financial takes fiduciary responsibility with respect to investment option selection and monitoring for AUL's plan sponsor clients.
Bill Yoerger, senior vice president, AUL Retirement Services states, "Mesirow Financial's innovative, flexible service provides our clients an added layer of independent investment option due diligence and fiduciary protection, while embracing the financial advisor's role in our business model."
The main advantage of the Mesirow Financial service is flexibility. A broad list of investment options from AUL's platform is approved by Mesirow Financial for fiduciary coverage. This provides the opportunity for a financial advisor working with a plan sponsor to have input in selecting investments for the plan lineup if desired.
To further support the plan sponsor's fiduciary responsibilities, Mesirow Financial delivers a quarterly reporting package, including market commentary and a detailed due-diligence report (the Mesirow Financial POLICE Report™). The report covers issues with investment performance, organizational changes, legal concerns, investment policy changes, consistency of style and expense.
"Our well documented, prudent process is designed to mitigate the risk of litigation with respect to manager selection and monitoring," says Mike Annin, Managing Director of Mesirow Financial Investment Strategies.
About Mesirow Financial
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with nearly $40.2 billion in assets under management and more than 1,200 employees in locations across the country and in London. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For the fiscal year ended March 31, 2010, the firm posted unaudited financial numbers of $526 million in revenue, with more than $297 million in capital. For more information about Mesirow Financial, visit its web site at mesirowfinancial.com.
For more information, please contact: Sheryl Dineen, Mesirow Financial, 312.595.8158.
The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2010, Mesirow Financial Holdings, Inc. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. It should not be assumed that any recommendations incorporated herein will be profitable or will equal past performance. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s).
Securities offered through Mesirow Financial, Inc. member NYSE, SIPC. Insurance services provided through Mesirow Insurance Services, Inc.
