The overall measure is coordinated with federal, State and proprietary funds
of the client.
Besides the claims of breach of fiduciary duty made of late against plan sponsors that offer proprietary funds
, there have been claims of prohibited transactions.
For example, the investment lineup for many plans includes proprietary funds
run by the recordkeeper or an affiliate.
Many of the proprietary funds
had and continue to have poor performance histories compared to prudent alternatives defendants could have chosen for inclusion in the plan.
In addition, as part of their efforts to educate and empower investors, Tony and Creative Planning have launched Second Opinion, a program that analyzes a client or prospect's financial statements to uncover potential red flags in their existing portfolios such as proprietary funds
, high-commission products, underperforming funds, and more.
7% of poorly performing proprietary funds
are replaced, compared with 25% for nonproprietary funds.
Fund families involved in plan design work with plan sponsors to create menus that serve the interests of plan participants, but they also have an incentive to promote their own proprietary funds
when more suitable options may be available from other fund families.
Over the years, CEL has explored and invested in numerous high-growth-potential Chinese enterprises with overseas investors through its international management platform, in addition to private equity funds, venture capital funds, sector funds, mezzanine funds, hedge funds and proprietary funds
As indicated above, some jurisdictions fund these projects from the general fund, and others use separate proprietary funds
In addition, if HNW assets continue to flow to autonomous providers, including RIAs and family offices, opportunities increase exponentially since these firms truly rely on open architecture, without the common obstacle of proprietary funds
presented by many legacy providers.
Companies generally offered fewer than 10 proprietary funds
covering basic asset classes such as large-cap growth and value, bonds and money market funds.
The firm has also announced that it is closing its proprietary funds
, Gulfmena Opportunities and Gulfmena Access.