Oliver Capital Management is an Investment Manager and Fiduciary providing strategically engineered, properly diversified exchange-traded fund (ETF) model portfolios for use in retirement, ERISA-qualified and defined contribution plans. Our model portfolios are systematically designed to offer superior risk-adjusted returns over the long term while reducing costs. Our services also include the formal, written assumption of fiduciary duties per ERISA 3(38) and 3(21), and other related solutions for retirement and ERISA-qualified Plans, Endowments, Foundations, Municipalities, and other Institutional Investors.
Oliver Capital Management Will Act as 3(38) Fiduciary Advisor on ERISA qualified retirement plans.
We will assume one of the followng roles depending on the Plan's needs and objectives: Investment Named Fiduciary or Independent Fiduciary.
As Investment Named Fiduciary, we assume overall responsibility and liability associated with named fiduciary status. We select and monitor investment options, managers, strategies and consultants for the plan, and act as a Discretionary 3(38) Investment Manager: A fiduciary who has full discretion for investment selection and monitoring. The presence of a 3(38) relieves the plan sponsor or Full-Scope 3(21) from the fiduciary liability for the investment selection and monitoring. The sponsor is, however, still liable for the prudent selection and monitoring of the 3(38).
As a related service, we also review and negotiate your fees and services with trustees, record keepers and administrators - according the plan the benefit of best industry practices at reasonable and competitive fees.
As an Independent Fiduciary, we provide a tailored selection of fiduciary services. Engagements might include managing a company stock account, approving litigation settlements, or reviewing a plan’s participation in a securities lending program.
