The Plan Advocate

Financial consultant in King of Prussia, PA (show on map)

The Plan Advocate at Independence Square Advisors helps businesses design and implement retirement plans, manage fiduciary liabilities, and provide financial wellness programs.

Call (610) 520-1500

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About

The Plan Advocate at Independence Square Advisors approaches corporate retirement plans with a team of specialized advisors who act as ERISA 3(21) and 3(38) fiduciaries, providing fiduciary guidance, financial wellness solutions, and plan design assistance while leveraging the resources of LPL Financial.

Independent fiduciary representation

Boutique firm supported by LPL Financial

Customized financial wellness programs

Specialized expertise in retirement plan design

Services

Fiduciary Guidance

Provides ERISA 3(21) and 3(38) fiduciary services to manage retirement plan liabilities and ensure compliance.

Independent fiduciary representation Risk management strategies Regulatory compliance monitoring

Financial Wellness Programs

Customized financial wellness initiatives to empower employees and enhance retirement preparedness.

Tailored financial education Employee engagement tools Integration with retirement plans

Plan Design Assistance

Guidance on best practices for retirement plan design, including eligibility, enrollment, and contribution strategies.

Best practice analysis Automatic enrollment setup Contribution escalation planning

Credentials & Certifications

AIF®

CFS®

CPFA®

QKA®

CFP®

CRPC®

ChFC ®

LUTCF

CFA

Frequently Asked Questions

What is a 3(38) Fiduciary? +

A 3(38) fiduciary is an investment manager appointed by a plan sponsor to have full discretionary authority and control over investment decisions, providing a high level of fiduciary responsibility under ERISA.

How does The Plan Advocate manage fiduciary risk? +

The Plan Advocate assists with fiduciary risk management strategies, ensuring compliance with ever-changing regulations and systematically monitoring plan investment options, acting as a 3(38) investment manager.

What are the benefits of working with a boutique firm supported by a large financial institution? +

Boutique firms like The Plan Advocate, supported by LPL Financial, offer the advantages of personalized attention and fewer conflicts of interest from a large firm, combined with the breadth of services and resources of a major institution.

Why is independence important for financial advisors? +

Independence allows advisors to provide unbiased advice, freedom of product choice, quality service, regulatory expertise, and technological capabilities, focusing solely on client financial goals.

What services does The Plan Advocate offer for retirement plan design? +

The Plan Advocate offers plan design assistance, including best practices analysis, automatic enrollment setup, and contribution escalation planning to enhance plan effectiveness.

How does The Plan Advocate support financial wellness programs? +

The Plan Advocate provides customized financial wellness initiatives, tailored education, employee engagement tools, and integration with retirement plans to empower employees.