11 episodes

The Francis Investment Counsel's Fiduciary Advice @ Work Podcast discusses the latest industry trends and issues affecting retirement plan fiduciaries.

Francis Investment Counsel's Fiduciary Advice @ Work Podcast Francis Investment Counsel

    • Business

The Francis Investment Counsel's Fiduciary Advice @ Work Podcast discusses the latest industry trends and issues affecting retirement plan fiduciaries.

    11 - Olmsted Medical Center: Enhancing the Participant Experience, Part 2

    11 - Olmsted Medical Center: Enhancing the Participant Experience, Part 2

    Get first-hand plan sponsor insights from Olmsted Medical Center. In part two of this conversation, we discuss how Olmsted enhanced the plan participant experience by expanding financial wellness services and modifying their recordkeeper’s marketing practices, specifically covering:


    Why Olmsted expanded its approach to employee financial education and advice (1:53)
    Concerns Olmsted identified in its recordkeeper’s marketing strategy (6:07)
    Tips for plan sponsors to minimize risks associated with recordkeepers’ marketing tactics (7:51)
    Four recordkeeping practices plan sponsors should be aware of in order to limit their fiduciary exposure (15:04)

    The information presented is from sources believed to be reliable but Francis Investment Counsel cannot guarantee its accuracy or completeness.  Olmsted Medical Center retains Francis Investment Counsel as its 3(21) investment adviser for investment consulting and employee financial wellness services. Neither Olmsted, nor any of its representatives, were compensated for participation in this podcast, and there are no conflicts of interest to be disclosed.  The information and experience described by Olmsted is not necessarily representative of all Francis Investment Counsel clients.  MoneyAdvice@Work® is offered through Francis Investment Counsel, a Registered Investment Adviser with the SEC. Francis Investment Counsel is not a registered broker/dealer. Neither the firm nor any employee is licensed to sell or be compensated for the recommendation of any financial products or product providers.

    • 22 min
    10 - Olmsted Medical Center: Proactive Plan Cost Management, Part 1

    10 - Olmsted Medical Center: Proactive Plan Cost Management, Part 1

    Get first-hand plan sponsor insights from Olmsted Medical Center. In part one of this two-part conversation, we discuss the impact of proactive plan cost management, including:


    Why improving fee transparency mattered to Olmsted (5:10)
    How to better match retirement plan recordkeepers' responsibilities with their compensation (11:45)
    What impact investment share class selection has on fees (16:03)
    The trust employees place in their employers (21:21)
    Strategies that work best for equitable cost allocation (22:40)

    The information presented is from sources believed to be reliable but Francis Investment Counsel cannot guarantee its accuracy or completeness.  Olmsted Medical Center retains Francis Investment Counsel as its 3(21) investment adviser for investment consulting and employee financial wellness services. Neither Olmsted, nor any of its representatives, were compensated for participation in this podcast, and there are no conflicts of interest to be disclosed.  The information and experience described by Olmsted is not necessarily representative of all Francis Investment Counsel clients.  MoneyAdvice@Work® is offered through Francis Investment Counsel, a Registered Investment Adviser with the SEC. Francis Investment Counsel is not a registered broker/dealer. Neither the firm nor any employee is licensed to sell or be compensated for the recommendation of any financial products or product providers.

    • 28 min
    09 - Is Financial Wellness a Passing Fad?

    09 - Is Financial Wellness a Passing Fad?

    In this episode, we focus our discussion on the concept of financial wellness. While its popularity resulted in an explosion of services and solutions, will this interest last? Join experts from our team as we explore:

    What financial wellness looks like in practice (and what’s often missing)
    Overcoming common obstacles to implementing financial wellness
    The evolution of financial wellness and what that will look like within the workplace

    • 31 min
    08 - Money and Diversity: A Path to Promoting Equality in the Workplace

    08 - Money and Diversity: A Path to Promoting Equality in the Workplace

    In this episode of the Fiduciary Advice @ Work podcast, we sit down with two of our Money Advisors and tackle the topic of money and diversity. We discuss what interacting with diverse employee populations has taught us and continue our conversation by covering:


    Why social and cultural factors may be overlooked in the financial planning process
    What employers can do to address the financial needs of their diverse workforces
    How financial wellness benefits can promote equality in the workplace and broader community

    • 25 min
    07 - The Way Back: Economic Recovery in the Wake of COVID-19

    07 - The Way Back: Economic Recovery in the Wake of COVID-19

    Director of Research, Ed McIlveen, welcomes Managing Principal and Portfolio Manager, Scott Priebe, from Geneva Capital Management. Join them as they discuss how the COVID-19 global pandemic has affected their macroeconomic outlook, detailing more specifically:


    Adjustments to investment strategy in the face of so many unknowns
    Lessons learned by comparing recent market declines with the financial collapse of 2008
    Factors that will influence the speed and strength of economic recovery
    Themes to keep in focus when evaluating investable opportunities

    • 33 min
    06 - Mastering Emotions in the Midst of Market Volatility

    06 - Mastering Emotions in the Midst of Market Volatility

    Market volatility accentuates the pain of negative emotions and the persuasive drive to react impulsively. In this episode, we talk with members of Francis Investment Counsel’s investment research team and cover why negative emotions are dangerous for investors and what to do when faced with them, what broader trends should attract investors’ attention, and why investment research matters, especially for plan fiduciaries.

    • 30 min

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