The DOL's and SEC's combined efforts to regulate the investment and advice industry over the years, by strengthening the application of the fiduciary standard, have been challenging. Serving in client's best interests by removing conflicts is common sense. We welcome the rest of the industry, with or without additional fiduciary regulations, to join our way of life - to carry out actions in good faith with undivided loyalty and due care. Learn more about our fiduciary services:

Fiduciary Consulting

We help ERISA stewards develop a framework and process to meet their responsibilities and obligations in achieving the overall goals and objectives of the retirement plan.

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Plan Design Consulting

We believe careful plan design with provisions that overcome the drawbacks of participant behaviors would positively impact retirement outcome.

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ERISA Investment Consulting

We create a reasoned and practical Investment Policy Statement that guides the process to identify, select and monitor prudent investment methodologies and vehicles.

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Looking for a speaker on target date fund selection and benchmarking; using managed accounts as a QDIA; revenue sharing; or other retirement plan sponsor best practices? Consider Philip Chao, Principal and CIO of Chao & Company.

"Philip has spoken several times at SPARK conferences, on topics that include investment trends and the changing needs of retirement plan sponsors. My members found Philip engaging, passionate and insightful. His presentation style is charming and full of real world experiences that he draws from his work with clients."

TIM ROUSE, EXECUTIVE DIRECTOR, THE SPARK INSTITUTE, INC.

Retirement Plan & Fiduciary Consulting Latest


DOL Fiduciary Rule FAQ


This new set of FAQs provides information on (1) a “fiduciary status disclosure” issue under the Department of Labor’s ERISA section 408(b)(2) service provider disclosure regulation that applies...

Philip Chao in InvestmentNews Article on Managed Accounts


Managed accounts look attractive to 401(k) advisers, but how do you measure performance? For 401(k) advisers, managed accounts are a hard nut to crack. On the one hand, many advisers believe managed...

Quarterly Market Commentary – 2017 Q2


Executive Summary U.S. first quarter real GDP was revised upward to 1.1% and the second quarter is projected to be at or around 2.5%. This means the economy was growing at an annualized rate of 1.8%...