James Lukezic, Managing Director at Old Slip Capital, Announces New ERISA Fiduciary Advisor Hires

Old Slip Capital is an Investment Advisory firm with a focus on building quality investment menus for plan sponsors while offering the protections of a sound ERISA Fiduciary contract. Managing Principal of Old Slip Capital, James Lukezic, is a 20 year veteran in the qualified plan space holding various positions at several large investment firms and was most recently celebrated as a Top Financial Advisor in the Financial Times. Old Slip Capital is in the midst of a significant expansion of its ERISA Fiduciary Advisory Team. This team will work exclusively on qualified plans and comes in the midst of industry discussions on the advantages of using an ERISA Fiduciary Advisor as opposed to a retail wirehouse broker for advice on qualified plans. When asked about the dangers of not hiring an ERISA Fiduciary Advisor under section 3(38) or 3(21) or both, James Lukezic explains how utilizing a standard broker or advisor is simply not good enough. According to Mr. Lukezic, “Plan sponsors think that simply having an advisor at the table is enough until they (plan sponsor) realize that a standard or retail advisor is giving them arm’s-length advice and not truly taking on liability or responsibility for that advice. With a sanctioned ERISA Fiduciary Advisor, plan sponsors can shift that liability to the ERISA Advisor and his or her firm; that includes personal liability on the part of the investment committee members.”