At Lake Minnetonka Financial, we provide you with all the support you need to effectively manage your Minnesota retirement plan. We begin by offering quarterly meetings to discuss:
• Plan costs
• Investment returns
• Trends and expectations
• Employee education
• Employee service
By staying on top of these key elements of the plan, we are able to anticipate and eliminate many issues that may arise.
We accept co-fiduciary role in the plan as investment advisors. Many of your responsibilities to the plan are related to investment management and we welcome the opportunity to work with you in carrying out your responsibilities. We have managed investments for retirement plans since 1986 without a complaint and take our responsibilities seriously. A few of the key fiduciary tasks that fall, at least in part, on the investment advisor include:
• documentation of service agreements
• protection of portfolio assets
• identification of investment time horizon, risk level and expected return for each portfolio
• selection of asset classes consistent with investment time horizon, risk level and expected return for each portfolio
• selection of asset classes consistent with implementation and monitoring constraints
• documentation of investment policy statement
• monitoring, reporting and review of investment performance
• implementation of the investment strategy with due diligence and care