Fiduciary Best Practices

Practical Steps for Trustworthy Financial Decision-Making with Fiduciary Best Practices for Sustainable and Reliable Success.

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Building Trust for Lasting Success and Stability.

McCulley Financial Group is dedicated to responsible financial practices, collaborating with Fiduciary360. Together, we prioritize a thoughtful decision-making process for investment fiduciaries. Using the Self-Assessment of Fiduciary Excellence (SAFE), we identify key elements for fulfilling your organization’s role as a corporate retirement plan sponsor. Our approach focuses on organization, formalization, implementation, and monitoring—ensuring a successful retirement program and minimizing fiduciary liabilities for a secure financial future.

Step 1: Organize

Step S-1.1: Handling Finances in Line with Laws and Policies for Optimal Growth.
Step S-1.2: Making Sure Everyone Knows What’s Expected for a Smooth Process.
Step S-1.3: Building Trust by Keeping Fiduciaries Away from Conflicts of Interest.
Step S-1.4: All Contracts Clearly Stated, Aligned with Care Standards.
Step S-1.5: Making Sure Assets are Secure, Guarding Against Theft and Misuse.

Step 2: Formalize

Step S-2.1: Set a clear timeline for your investments to reach your financial destination.
Step S-2.2: Understand and identify how much risk you’re comfortable taking on.
Step S-2.3: Define achievable returns to ensure your investments align with your financial goals.
Step S-2.4: Make sure your chosen investments match your risk tolerance, goals, and timeline.
Step S-2.5: Ensure your chosen investments align with your budget and monitoring capabilities.
Step S-2.6: Develop a straightforward plan outlining how to manage and implement your investment strategy.
Step S-2.7: If applicable, integrate socially responsible investment (SRI) strategies, as defined in your plan.

Step 3: Implement

Practice S-3.1: Execute the investment strategy with prudence for sound financial growth.
Practice S-3.2: Navigate the financial landscape with elected “safe harbor” provisions.
Practice S-3.3: Match investment vehicles to your portfolio’s size for optimal returns.
Practice S-3.4: Choose service providers wisely—your custodian is a key player.
Practice S-3.5: Rigorous due diligence in service provider selection ensures a resilient financial foundation.

Step 4: Monitor

S-4.1: Regular reports ensure investments align with benchmarks for a confident financial journey.
S-4.2: Stay informed with periodic reviews, navigating shifts in investment decision-making.
S-4.3: Our procedures guarantee regular checks on policies, ensuring fair practices.
S-4.4: Ensure fees for investment management align with agreements for financial peace.
S-4.5: Apply and document compensation transparently, ensuring ethical asset placements.
S-4.6: Regularly assess our effectiveness in meeting responsibilities for sustained success.

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