The Public Pension Plan Debate: How do you value liabilities? Is the right story being told?

Public service employees work for decades in hopes that a well-earned retirement awaits them as they enter their golden years. But, before they reach that milestone, their public pension plan must be prudently managed so the pension they have accrued can actually be paid. For trustees charged with making the right decisions for a diverse set of employees, understanding the intricacies of their retirement structure, as well as its proper management, can be understandably intimidating.

Mike Welker, president and CEO at AndCo, was recently part of a Florida Public Pension Trustees Association (FPPTA) debate discussing views as to how trustees, plan sponsors and the general public should look at these retirement pools and common misconceptions regarding funding public pension funds. Watch the discussion below, as Mike and a panel of industry experts provide their take on how to deal with these risks and misconceptions.

5 Key Takeaways from the FPPTA Debate

Though the experts in this debate may disagree with each other, it is these kinds of discussions that can help our industry grow and inform those who may not be specialists in pension plan management. When the market grows volatile and your plan appears to be at risk, remember that a public plan’s best asset is time itself. Avoid making knee-jerk reactions that could adversely affect all those within the pension plan that you are charged with protecting and managing.

Important Disclosure Information:

The views and opinions expressed by Mike Welker represent solely those of AndCo Consulting. The intended audience for the debate consisted of trustees and the information was provided for educational purposes only. This should not be regarded as investment advice or as a recommendation regarding any particular course of action.

The “5 Key Takeaways” do not purport to precisely quote Mike Welker’s responses, but rather to serve as a summary of his views and/or statements. The views and statements expressed are not guarantees, predictions or projections of future performance. Past performance is not a guarantee of future results.

This blog contains a link to a third-party website (Vimeo), which is not maintained by AndCo. AndCo does not operate this third-party website and is not responsible for its content, privacy or security.

AndCo Consulting serves as an Associate Member Sponsor of the Florida Public Pension Trustees Association (FPPTA).  Additionally, Dave West, Senior Consultant at AndCo, serves on the FPPTA’s Advisory Board and Education Committee. Notwithstanding the foregoing, AndCo, FPPTA, Foster & Foster, Ryan ALM and Aon Hewitt are not affiliated entities.

AndCo Consulting Welcomes Sara Searle as Compliance Officer

Sara Searle

ORLANDO, Fla. (Jan. 16, 2018) — AndCo Consulting (AndCo), an independent, employee-owned institutional investment consulting firm, is pleased to announce the addition of Sara Searle as compliance officer. In her new role, Searle will work with Chief Compliance Officer Matt DeConcini to ensure that all legal and regulatory requirements are fulfilled with clients and to complete regulatory filings required of a Registered Investment Advisor with the Securities and Exchange Commission.

Searle joins AndCo with over 10 years of compliance experience. Most recently, Searle was chief compliance officer at Triloma Financial Group, LLC, where she was responsible for enhancing and overseeing the execution of the broker-dealer’s entire compliance program, including: policy drafting, leading annual review, designing and delivering training and resolving and remediating exceptions.

“As a firm, we are committed to safeguarding our mission of representing the sole interests of our clients by redefining independence,” said Mike Welker, President and CEO of AndCo. “Having someone with Sara’s experience on our compliance team ensures that we are able to go above and beyond to meet that goal. We are thrilled to have her on board.”

“I was drawn to AndCo because of their passion for transparency and desire to put the client first in all situations,” said Searle. “I’m excited to join a working environment where everyone is committed to the client and focused on being a transformative force for independence in the industry.”

Sara Searle officially joined AndCo Consulting today, January 16, 2018.

 

About AndCo Consulting

AndCo, a full-service independent institutional investment consulting firm headquartered in Orlando, Fla., was founded on the belief that the institutional client should have the most objective and unbiased information with which to prudently evaluate their investment portfolio/program.  The firm is comprised of a dedicated group of industry specialists with diverse business backgrounds working together toward the common goal of simplifying the investment and fiduciary decisions of fund sponsors. With offices around the country and over $77 billion in assets under advisement, AndCo serves as an independent fiduciary to each of its clients by accepting no soft-dollar compensation, having no broker dealer affiliations, selling no investment products, and having no pay-to-play arrangements.

For more information about AndCo Consulting, please visit: www.andcoconsulting.com.