Return to flip book view
Artifex Institutional 401 k Consulting Our Consulting Attributes Independent Open Architecture Objective Innovative Fiduciary Prudence Communication Service Plan Expense Oversight ERISA 3 38 Investment Manager 1
Our Mission We provide an institutional consulting philosophy and process through an open architectural platform which enables us to deliver advice and solutions that are independent and objective with uncompromised flexibility while providing fiduciaries the ability to prudently discharge their fiduciary responsibility Ensuring confidence in the direction you want your company 401 k Plan to go 2
Overview We separate the business of giving advice from the selling of proprietary products We are Independent and objective operating within an Open Architecture platform We serve as a ERISA 3 38 Plan Investment Fiduciary Our advice and solutions are unbiased and uncompromised Our consultative approach prudent process and client relationships are tailored to meet fiduciary responsibilities and plan participant needs of the organizations we serve Our philosophy and process provide organizations and fiduciaries greater flexibility and customization among custodians investments portfolio design risk management education reporting and plan expense control Our advice and solutions are independent objective and innovative which means we are not limited or influenced by money managers mutual fund companies broker dealers and or other financial institutions Our philosophy and process will result in enhanced investment performance lower costs and more satisfied participants 3
Our Philosophy The Artifex philosophy is our foundation a foundation that supports a strict belief that independence open architecture objectivity innovation and prudence are critical to providing fiduciaries the ability to make informed decisions for their organizations professionally managed assets Our independence and open architecture are what separate giving advice from the selling of proprietary products We understand that no single solution is right for every scenario Our advice and solutions are unbiased and uncompromised and tailored to meet your needs as a fiduciary We provide professional insight expertise and support for fiduciaries to feel confident that their short intermediate and long term goals and objectives have been addressed and are incorporated into solutions recommended Our clients expect outstanding professionalism responsiveness and comprehensive communications We strive to exceed their expectations 4
Open Architecture What is Open Architecture Open architecture 401 k platforms provide Plan Sponsors complete transparency to all plan service providers their services and respective cost The Open Architecture Advantage Unlimited access to Fund Investment Managers Unlimited access to service providers 401 k Record keeper Platforms Third Party Administrators TPA s Use Separately Managed SMA s Accounts Offer ETF s as Investment Choices Customize Risk Return based Model Portfolios Customized Participant Education Programs Fiduciary coverage under ERISA Section 3 38 Customized Participant Risk Tolerance Questionnaire No Conflicts of Interest No Propriety Products Customized Plan Design Artifex Institutional 401 k is an open architecture platform and a ERISA 3 38 Investment Manager 5
ERISA 3 38 Investment Manager Can Plan Fiduciaries virtually eliminate their investment related Fiduciary Responsibilities Liabilities YES Plan Fiduciaries can significantly reduce their investment related fiduciary responsibilities liability by adhering to ERISA Rule 3 38 Serving as a retirement plan fiduciary can be a daunting responsibility It requires significant time and commitment to understand and monitor the investment and administrative processes of the plan There is also the issue of fiduciary compliance and the associated liability Working with a 401 k Plan Advisory Firm that is only an Investment Advisor as compared to an ERISA defined 3 38 Investment Manager does not alleviate a plan sponsor s fiduciary liability Under ERISA there is only one way for a plan fiduciary to transfer fiduciary liability Execute an advisory agreement with an ERISA defined 3 38 Investment Manager 6
Process Investments Our process is regimented disciplined and comprehensive Prudence is the cornerstone to our process A process with well defined objectives and dedication Artifex Prudent Investment Process to a time tested investment process used by some of the largest consulting firms and organizations Por8olio Monitoring Investment Policy Formula3on In the country Our prudent process drives all our activities investment analysis advice solutions recommendations monitoring plan expense and 401 k platform reviews Investment Process IPS Review Formulation Implementation Asset Allocation Analysis Portfolio Modeling Investment Selec3on Asset Alloca3on Analysis Asset Class Style Structure Our investment process provides the building blocks for developing Implementing and monitoring investment strategies utilizing a multi asset multi style and multi manager investment approach Our process ensures that fiduciaries prudently discharge their stewardship responsibilities Asset Class Style Analysis Manager Due Diligence Fund Selection Portfolio Monitoring Reporting Benchmarking 7
Fiduciary Oversight Process Our Plan Fiduciary Oversight Review examines Review Plan Documents Investment Policy Statement IPS Adherence To IPS Manager Due Diligence Process Fund Performance Review Employee Education Plan Expenses Analysis see page 9 IRS 401 k Plan Check List 8
Plan Expense Analysis Understanding All 401 k Plan Expenses Typical 401 k Plan Expenses Mutual Funds Fund Share Class Sales Loads Por olio Manager Fees EFT s Fund Cost Fund Expense Ra os Transac on Costs SMA s Advisor Fees ERISA 3 21 or 3 38 PM Cost Trading Costs 12b 1 Sub TA Fees Trading Costs TPA Fees Record Keeper Fees Many of your decisions will require you to understand and evaluate plan expenses 9
Risk Management We serve as a Plan Named Fiduciary under ERISA 3 38 At Artifex Institutional we manage money with an unwavering commitment to risk management designed to help participants pursue and meet their investment retirement goals and objectives regardless of market dynamics Our focus on risk management is deliberate and is based on our belief that the key to providing consistent value added performance is not timing but a disciplined philosophy and process that is consistent and repeatable through time As a client of Artifex Institutional Consulting your participants have access to the same sophisticated investment strategies found in the largest retirements plans in the country 10
The Artifex Institutional 401 k Advantage In today s complex financial environment 401 k Plan Fiduciaries face a variety of challenges in managing 401 k plans due to ever changing investment managers fund choices investment strategies 401 k platforms plan expenses increased market volatility globalization of economies and increased regulations Our 401 k Institutional Platform provides Plan Sponsors Independence Open Architecture Objective Advice Innovative Solutions Fiduciary Prudence Communication Service Plan Expense Oversight ERISA 3 38 Investment Manager 11
Our Services Our goal at Artifex Institutional is to help your Plan be successful We understand that no single solution is right for every scenario Our consultative approach and client service process are tailored to complement your organization In understanding our entire arsenal of services you will be in a better position to select that service or services that will complement and fulfill your specific needs Fiduciary Oversight Services Investment Management Services Plan Expense Reviews and Benchmarking Fiduciary Governances Reviews see IRS Plan Checklist 401 k Platform Reviews Comparisons TPA Review and Recommendations Participant Educational Workshops Investment Policy Review Development Implementation Monitoring Manager Due Diligence Current Fund Review Fund Comparisons Fund Selection Monitoring Performance Measurement Evaluation Fund Level risk return Portfolio Level risk return Participant Level Asset Allocation Analysis Portfolio Construction Efficiency Analysis Additional Service Offered Draft Request RFI s RFP s Summarize Report Recommendation 12
Our Team Our team brings over 75 years of investment management experience to our 401 k clients Our breadth and depth of experience provides Plan Sponsors the ability to feel confident that their Plan s short intermediate and long term goals and objectives have been addressed and are incorporated into their Plan s 401 k strategies We provide 401 k Plan Sponsors Protection Under ERISA 3 38 Insight Our philosophy process in depth experience and knowledge enables us to help you make well informed decisions Innova on We u lize the latest technology to op mize and maximize our investment process to deliver solu ons that are independent objec ve innova ve and un biased Discipline Depth Our Investment Process and status as a ERISA 3 38 Investment Manager ensures Fiduciaries the ability to Prudently Discharge Their Fiduciary Responsibility Our investment commiRee has a diverse range of investment experience which is cri cal to evalua ng fund choices and solu ons recommended Synergy Transparency Our team s combined skills create a posi ve and constantly evolving source of consistent risk return analysis investment advice and par cipant educa on As an ERISA 3 38 Investment Manager we provide full disclosure of our investment process fees and un con icted and un biased solu ons 13
Team Biographies Craig Roddy Director Institutional Consulting Group Craig joined Artifex Financial Group in January of 2015 as Director of Institutional Consulting Mr Roddy brings 33 years of institutional money management investment consulting and financial management analysis experience to clients As Director of Institutional Consulting Mr Roddy is responsible for developing managing and implementing capital market assumptions investment manager due diligence process money manager recommended list and asset allocation strategies for defined contribution 401 k defined benefit not for profit 403b as well as foundation and endowments Previously Mr Roddy served as Director Investment Consulting Group at a local Institutional Consulting Firm where he established policy and procedures related to setting investment direction manager due diligence capital market assumptions and established and maintained ICG s recommended list of separately managed accounts SMA S and mutual funds While Director of ICG Mr Roddy had oversight responsibility of asset under management AUM in excess of one billion Mr Roddy s experience extends to consulting to publicly traded companies Union Non Union DC and DB Plans As Vice President of Investments at Legg Mason Mr Roddy specialized in implementing and maintaining sophisticated asset allocation strategies for private and institutional clients At Deloitte Touch Mr Roddy specialized in financial reporting tax planning cash management accounting services auditing and investment analysis services Mr Roddy received his B S in Accounting from Wright State University and is a graduate from the University of Pennsylvania s Wharton Business School Senior Investment Consultant Certification CIMA program 14
Team Bio s Doug Kinsey CFP AIFA Managing Partner CIO Doug Kinsey is a partner in Artifex Financial Group a fee only financial planning and investment management firm based in Dayton Ohio Doug has over 25 years experience in financial services and has been a CFP Certificant since 1999 Additionally he holds the Accredited Investment Fiduciary and Accredited Investment Fiduciary Analyst certifications as well as Certified Divorce Financial Analyst Doug s passion for financial planning is rooted in investments He read books on investing as a child and has always found the idea of learning about companies discovering new ideas and finding hidden values to be extremely exciting He does not believe in the abuses of Modern Portfolio Theory or an over reliance on statistics and indexing Active management is not dead but the way it is approached should be Common sense and careful investing are what is required to be a successful investor Artifex Financial Group was founded in 2007 by Doug and his business partner Darren Harp Artifex currently advises over 90 000 000 in assets and serves 200 client households and corporate pension plans In addition to personal financial advice AFG provides active investment management back office solutions process improvement strategies and employee development consulting to financial advisory firms 15
Team Bio s Darren Harp AIF Managing Partner CCO Mr Harp has been in the financial services industry for over 15 years Before co founding Artifex Financial Group in 2007 he served in various roles within the Private Wealth Management Groups at Fidelity Investments and Fifth Third Bank in the Cincinnati OH Washington DC and Dayton OH markets Mr Harp is experienced in retirement income planning insurance planning and college planning In his current role at Artifex he is primarily focused on new business development client relationship management and firm operations Mr Harp holds a Bachelor of Arts from Miami University at Oxford Ohio and a Master of Business Operational Excellence from the Fisher College of Business at The Ohio State University He also holds the Six Sigma Black Belt Certification Darren and his wife Kelly currently reside in Maineville Ohio John Girvin CFP EA Director of Financial Planning and Tax Educational Background The Ohio State University B A 1981 King s College London England 1984 War Studies Ohio State University M A 1987 Certified Financial Planner Professional Education Program Certificate of Completion 1997 College for Financial Planning Certified Financial Planner 1997 Certified Financial Planner Board of Standards Business Experience Artifex Financial Group Inc Financial Planner and Investment Advisory Representative 2010 to Present Girvin Financial Educational Services President 1995 2011 16