Understanding ERISA: A Compact Guide to the Landmark Act - Softcover

Ziesenheim, Ken

Softcover

ISBN 10: 1931611424 ISBN 13: 9781931611428

Publisher: Wiley, 2002

Synopsis

Every advisor in your firm should have a copy" of this compact new guide, claims Harold Evensky, respected financial professional and author of Wealth Management. Evensky knows all too well that firms and individual advisors need to protect themselves now more than ever.

In the climate of corporate scandals and market downturns - being in compliance is critical to avoiding liability challenges. But - the scope and complexity of the landmark ERISA act has left trustees and fiduciaries struggling to ensure that they remain in compliance.

Now, industry pro Ken Ziesenheim's concise booklet covers the four key provisions of ERISA in simple, straightforward terms. He includes sample forms, policy statements, a glossary of terms and everything needed to make understanding ― and complying with ERISA ― as easy as a,b,c.

And, he covers four all-important steps for:

• selecting and hiring a manager
• monitoring activities of outside managers
• documenting meetings to prevent complications
• And interpreting the "Prudent Investor Rule"Help make sure you ― and every professional in your firm - stays in compliance, by following the basic guidelines presented in this new work.

About this title

About the Author

KEN ZIESENHEIM, CFP, JD, LL.M with more than 20 years of experience in the financial services industry, Ziesenheim regularly writes for professional journals and is a popular speaker.

From the Back Cover

“The scope and complexity of ERISA has led to a widespread lack of understanding of both its basic principles – and the liabilities to which trustees and fiduciaries may be subjected. This compact new guide clarifies both in simple, understandable terms. Financial advisors will find it particularly useful in establishing compliance procedures within their practices – and every advisor in your firm should have a copy.” – Harold Evensky, Chairmain, Eversky Group and author of the best selling book, Wealth Management

The landmark ERISA legislation ushered in a new set of protections for participants in employee benefit plans, and the trustees and fiduciaries who administer them.

But, as beneficial as ERISA has proven to be for all involved – those who need to comply with it most have found its far-reaching, densely written directives difficult to decipher. Consequently, many financial advisors fear they are not in compliance. And, as the Enron debacle has illustrated, non-compliance could leave advisors and fiduciaries open to liability challenges.

Now, Thornburg Securities president Ken Ziesenheim clears the air and shows professionals how to protect themselves, their firms and their clients by adhering to ERISA specifications. In clear, concise terms Ken explains 4 key provisions of ERISA which will keep anyone who writes investment objectives for clients or hires an outside manager to oversee funds – in compliance. He covers all the critical steps including …

• Guidelines for selecting & hiring a manager
• Monitoring activities of an outside manager
• Properly documenting meetings/activities to avoid complications
• How the “Prudent Investor Rule” is interpreted and applied

With sample forms, policy statements, a glossary of terms and more – Ken Ziesenheim makes understanding – and complying with ERISA – easy.

From the Inside Flap

“The scope and complexity of ERISA has led to a widespread lack of understanding of both its basic principles – and the liabilities to which trustees and fiduciaries may be subjected. This compact new guide clarifies both in simple, understandable terms. Financial advisors will find it particularly useful in establishing compliance procedures within their practices – and every advisor in your firm should have a copy.” – Harold Evensky, Chairmain, Eversky Group and author of the best selling book, Wealth Management

The landmark ERISA legislation ushered in a new set of protections for participants in employee benefit plans, and the trustees and fiduciaries who administer them.

But, as beneficial as ERISA has proven to be for all involved – those who need to comply with it most have found its far-reaching, densely written directives difficult to decipher. Consequently, many financial advisors fear they are not in compliance. And, as the Enron debacle has illustrated, non-compliance could leave advisors and fiduciaries open to liability challenges.

Now, Thornburg Securities president Ken Ziesenheim clears the air and shows professionals how to protect themselves, their firms and their clients by adhering to ERISA specifications. In clear, concise terms Ken explains 4 key provisions of ERISA which will keep anyone who writes investment objectives for clients or hires an outside manager to oversee funds – in compliance. He covers all the critical steps including …

• Guidelines for selecting & hiring a manager
• Monitoring activities of an outside manager
• Properly documenting meetings/activities to avoid complications
• How the “Prudent Investor Rule” is interpreted and applied

With sample forms, policy statements, a glossary of terms and more – Ken Ziesenheim makes understanding – and complying with ERISA – easy.

Edition details

• Publisher: Wiley
• Publication date: 2002
• Language: English
• ISBN 10: 1931611424
• ISBN 13: 9781931611428
• Binding: Paperback
• Number of pages: 144