August Special – for Duluth Merchants Association Members.
fi 360 Report Provides Portfolio Insights
Don Kemp, DMA Member, and Financial Advisor with Park Avenue Securities and Espey Financial Group, is offering a complimentary fi360 review to Duluth Merchant Association members on their 401k or personal mutual fund portfolios. There is no cost or obligation for the review.
The fi360 Fiduciary Score (“Score”) is an investment rating system born out of Practice 3.1 in the Prudent Practices for Investment Fiduciaries handbook series. It helps quickly identify a short list of investments that merit continued research in the selection process. It also facilitates the ongoing monitoring process by highlighting investments that contain potential deficiencies.
The Score evaluates investments on nine different criterion across a spectrum of quantitative data points to determine if the investment meets a minimum fiduciary standard of care. The nine criteria include: regulatory oversight, track record, assets in the investment, stability of the organization, composition consistent with asset class, style consistency, expense ratio/ fees relative to peers, risk-adjusted performance relative to peers, and performance relative to peers.
The Score is a flash-report on a selected investment.
It is a useful tool for investment decision-makers to identify and monitor investments in the course of their due diligence process. The fi360 Fiduciary Score represents a suggested course of action and is not intended, nor should it be used as the sole source of information for reaching an investment decision.
Each portfolio review will produce a comprehensive report using the scorecard below:
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