Diving Deep into Stable Value and Fund Revenue Sharing

Join Us at Andrei's

Thursday, March 21, 2024

8:00 am to 9:45 am

In this session we will navigate through the world of Stable Value investments and the purposes they serve in retirement plan menus. Stable value investment options take on many forms, and not all products are created equally. Retirement plan fiduciaries and service providers should understand the differences between the varying structures of stable value products, and the benefits and drawbacks associated with each. We will also discuss fund revenue sharing, including why revenue sharing was initially created, why it’s still used today, and how the industry’s views on allocating retirement plans costs are evolving. 

Braden Priest has spent his entire career in the retirement industry. After graduating from San Diego State University with a degree in Finance, he began his career at Aon Hewitt, administering 401(k), 403(b), and 457(b) retirement plans in their Large Market Division. After learning how retirement plans work at the operational level, he joined the Institutional Services Team at BFSG, LLC, focusing on providing full-service consulting services to plan sponsors. As a Retirement Plan Consultant at BFSG, Braden advises on client assets totaling over $2 billion, and guides plan fiduciaries in the areas of plan investments, compliance, vendor search and selection, cost benchmarking, and fiduciary education. In 2019, Braden earned the right to use the Chartered Financial Analyst® designation. He is an Investment Advisor Representative of BFSG, LLC and serves on the firm-wide Investment Committee, as well as the Institutional Discretionary Services Committee, where BFSG provides discretionary investment management services for retirement plan clients.

Mark Herzhauser is the DCIO West Region Sales Director managing advisor and recordkeeping relationships across 14 states in West Region. His role is to develop region specific business plan focused on, transforming sales credibility into advisor intimacy, trust, and exceeding client and retirement advisor expectations. Prior to his role as Sales Director, Mark was client relations executive for the DCIO stable value business. He managed manage $4.6B in Stable Value AUM relationships over 160 National and Regional Recordkeeper and Third-Party Administrator relationships. He has served in several sales consultant and market facing roles including jumbo large pension risk transfer deals through interaction with Consultants: Aon, Buck, Mercer, and WTW and Advisors: Brentwood, BCG Terminal Funding, Dietrich, and Fortune 500 plan sponsors and retiree life and retiree medical buyouts. He has worked in retirement, financial services, and insurance throughout his 25-year career.

Continuing Education

• 2 CE for AIF 
• 2 CECs for ERPA (pending)
• 2 CPEs for ASPPA certifications
• 2 CECs for NIPA certifications
• 2 hours for California CPAs 
• 1.5 hours of California MCLE
• 2 hours for Certified Financial Planners (pending)
• 2 CE for CRPS 
• 2 CE for CEBS

Pricing

• Regular: $55 for members, $75 for non-members
  
• Gold Members: Prepaid Must Register Online
• Corporate & Sponsor Members: Prepaid Must Register Online

Doors open at 7:30 am for check-in, breakfast and networking.  Our program will begin at 8:00 am and this program will end at approximately 9:45 am.  The registration fee includes a full breakfast buffet and hosted valet parking.

• WP&BC Members can bring a guest for free!  This is a wonderful opportunity to introduce your peers and colleagues to our Chapter.  Remember, your guest should be a first-time visitor and potential member.   Look for the free guest offer when you register online
• The statements and materials presented at WP&BC Orange County Chapter events are solely the opinions of the speakers and do not represent the opinions or positions of WP&BC Orange County Chapter. In addition, WP&BC Orange County Chapter assumes no responsibility for the content or accuracy of the statements and materials presented by speakers at WP&BC Orange County Chapter events.