Products July 25, 2016

Salesforce Links Financial Services Cloud with Shield

The aim is to help advisers comply with the new fiduciary rule.
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Salesforce has linked its Financial Services Cloud and with its Shield to help advisers comply with the Department of Labor’s (DOL’s) new fiduciary rule.

The platform offers visibility into interactions between advisers, their teams and their clients, putting clients’ best interests at the center of everything that they do, the firm says. The aim is to help firms address fiduciary requirements so that they can spend more time on client relationships.

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The platform shows which team members interacted with each client and the information that was shared, thus creating an audit trail. It indicates when there are contract or exemption requirements, assigns tasks and schedules disclosures. It also provides an electronic document repository and enables electronic signatures.

It stores client and household profiles, along with their financial goals and significant life events. It also can aggregate client assets and provide a portfolio rebalancing workflow.

For advisers’ practices, it also offers a book of business and engagement opportunity dashboard, and tracks client interactions. Each adviser’s home page can be customized, and can generate household, client and adviser reports. It can also indicate lead-to-client conversions and enable advisers team to collaborate.

More information is at http://www.salesforce.com/financialservicescloud. 

Products July 22, 2016

Mutual of Omaha Moving to Customized Mesirow Reports

401(k) advisers and plan sponsors have expressed interest in a customized POLICE Report to show only the funds offered in their plans.
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Mutual of Omaha Retirement Services is transitioning to customized Mesirow Financial POLICE Reports for its 401(k) clients using Mesirow Financial’s 3(21) Fiduciary Partnership Service.

The Mesirow Financial POLICE Report is a quarterly watch list that typically provides details on all funds offered through Mutual of Omaha Retirement Services. Most plans offer a subset of the available funds and advisers and plan sponsors have expressed interest in a customized POLICE Report to show only the funds offered in their plan.

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Beginning with the August report, Mesirow Financial will provide reports with the information tailored to the recipients’ specific plan funds. Customization of the report will simplify the investment review process for both advisers and plan sponsor fiduciaries. Mutual of Omaha plans on expanding the customized report to include Mesirow Financial’s 3(38) Fiduciary Partnership Service at a later date.

“We get it. Advisers and plan sponsors have a lot of complex responsibilities. We are proud to offer this unique level of customization to make their lives easier and fulfill their responsibility as a fiduciary quickly and accurately,” says John Corrieri, vice president of 401(k) at Mutual of Omaha.

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