Baystate Fiduciary Advisors, Inc. is an SEC registered investment advisory firm whose sole focus is upon the 401k/403b mid-market space with over 20 years experience in corporate retirement plans.
With litigation and arbitration cases involving breaches of investment fiduciary practices at an all time high coupled with the fact the fiduciary duty has been characterized as the “highest known to law”, Baystate Fiduciary Advisors, Inc. is uniquely positioned to make a tangible impact on both the plan fiduciary and their plan participants.
The following key deliverables and differentials are what make our service model highly unique among our peers:
- Efficiency of scale and resources as a member firm of 401*k Advisors USA, once of the largest 401k/403b consulting groups in the country
- Act in a fiduciary capacity along with our plan sponsors sharing in the exposure to fiduciary liability under ERISA
- Flat fixed fee for services rendered versus traditional varying compensation based upon plan assets
- Independent firm with access to all provider platforms resulting in an unbiased review of available options and investments
- Full transparency of “hidden charges” found within mutual fund platforms in order to capture available "monetary offset"
- Accredited Investment Fiduciary® designee currently in process of meeting conformity with international fiduciary standards
- No ancillary revenue sources which avoids prohibited transactions while ensuring advice is in the sole interest of the plan participant
- Boutique operation where we will accept no more than (4) clients per calendar year and will not exceed 35 plan sponsors at any time
- Prudent and proven plan governance procedures designed to mitigate exposure to fiduciary liability (see Fiduciary Services)
- Consistent, easy-to-understand education and investment guidance which resonates with plan participants (see Participant Services)
