Why Hire LRPC?
✓ Accredited 401k Fiduciary Compliance Specialist
LRPC is a Registered Investment Adviser (RIA), not a brokerage firm, bank, or insurance company. RIAs are required by the Investment Advisers Act of 1940 to act as fiduciaries without limitation when providing investment advice to their clients’ retirement plans, whereas brokerage firms, banks, and insurance companies are not.
In addition, Lawton has earned the Accredited Investment Fiduciary (AIF) designation by completing a rigorous program of study offered through the University of Pittsburgh’s Executive Education program. You can feel comfortable knowing that your 401k plan will be monitored by an accredited 401k fiduciary compliance specialist.
✓ Knowledge and Experience
Robert C. Lawton, AIF®, CRPS®, has more than 30 years of knowledge and experience acquired by working with hundreds of 401k plans and many Fortune 500 companies.
LRPC is an independent, 100% employee-owned, Registered Investment Adviser (RIA) and is not bound to recommend any specific investment options or providers. The firm does not hold client assets or execute client trades. LRPC has no conflicts of interest that prevent it from providing clients with the best advice. This independence permits the firm to conduct objective research on more than 30,000 investment options leading to unbiased investment fund recommendations.
RIAs provide advice that is in the best interest of their clients. LRPC has no proprietary products to sell and derives no revenue from payments from mutual fund companies or third parties. The firm receives 100% of its fee revenue from client billings.
Brokers, bankers, and insurance company advisors work for their companies, not their clients. They present investment ideas and approaches that are in the best interest of their firm and themselves, not their clients. Conflicted investment advice provided by these advisors is estimated to reduce participant investment returns by 50 basis points per year.
As an RIA, LRPC is legally required by the Investment Advisers Act of 1940 to provide advice that is in the best interest of its clients.
✓ Client Focus
LRPC is passionate about its clients’ needs. The firm provides quick, accurate solutions to problems and questions. LRPC’s business practices are transparent, accountable, and open. As a result, the firm has experienced nearly 100% client retention.
Hire the Best Adviser, Not the Best Sales Team
Managing your company’s 401k retirement plan in today’s markets can be extremely challenging. With more than 650,000 investment advisers vying for your business, hiring the right adviser is critical to achieving retirement readiness for your participants and fiduciary compliance for your 401k plan.
Make sure you have researched the following:
Will the adviser sign on to your 401k plan as a fiduciary without limitation?
✓ LRPC will, but brokers, bankers, and insurance company advisors won’t.
Is your 401k plan being monitored by an accredited 401k fiduciary compliance specialist?
✓ Robert C. Lawton has earned the Accredited Investment Fiduciary (AIF) designation.
Does the adviser have any conflicts of interest?
✓ LRPC has no conflicts of interest but brokers, bankers, and insurance company advisors do.
Does the adviser sell proprietary products?
✓ LRPC does not, but brokers, bankers, and insurance company advisors do.
Does the adviser have any violations in his/her background?
✓ Check BrokerCheck. Robert C. Lawton, AIF, CRPS, has a clean background.
Have you asked the adviser the right questions?
✓ The Department of Labor suggests these: Selecting and Monitoring Pension Consultants – Tips for Plan Fiduciaries.
Research the background of the advisers you are considering. Check BrokerCheck, a free service provided by FINRA — the Financial Industry Regulatory Agency under the direction of the Securities and Exchange Commission (SEC).
Don't Be Sold!
Don’t hire the best sales team. You won’t be working with them. Hire the best 401k investment adviser and fiduciary compliance consultant you can find. Hire LRPC.
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