
FIDUCIARY SERVICES TO NONPROFITS
Being a leader of your nonprofit organization comes with a tremendous legal fiduciary responsibility and understanding the magnitude of this responsibility is critical. Unfortunately, not many fiduciaries are truly aware of that. Individuals acting in a fiduciary capacity often believe that they can abdicate their fiduciary responsibility by delegating it to others. This is far from being true and can lead to unnecessary fiduciary risk and cost.
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As an independent fiduciary consulting firm, Lestna Retirement will help your nonprofit to achieve the Global Standard of Fiduciary Excellence. We will work with your organization to implement fiduciary best practices aimed at mitigating fiduciary risk and improving fiduciary decision-making process.
Lestna Retirement will provide your organization with an ongoing fiduciary support and an unbiased expert opinion in the fiduciary decision-making process. We will make sure that your organization complies with the Global Fiduciary Standard of Excellence by implementing and managing fiduciary best practices. Each practice is backed by legal substantiation based on case law, regulations and regulatory guidance.
In addition to that, we will help to:
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Fiduciary Oversight
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Develop Investment Policy Statement
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Review your 408(b)(2) fee disclosure and identify indirect fees
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Monitor, select, or replace service providers
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Select and monitor investments and investment managers
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Benchmark fees being paid for reasonableness
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Monitor investment expenses