MassMutual's Retirement Services Division announced Thursday it will provide more help to retirement plan advisors and plan sponsors in their effort manage fiduciary risk.
MassMutual is teaming up with Mesirow Financial Fiduciary Partnership Service, a financial firm based in Chicago.
"MassMutual's goal in offering this optional fiduciary service is to help retirement plan advisors achieve fiduciary protection for their clients and their business. Plan sponsors recognize that there's no substitute for the expertise a retirement advisor delivers on their behalf. Having the option of yet another level of due diligence can be very reassuring for both advisors and sponsors," said Hugh O'Toole, senior vice president and head of sales and client management for MassMutual's Retirement Services Division.
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