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New Year, New Vendor? Conducting a Vendor Search: Benefits and Best Practices

Multnomah Group

Dec. 6, 2017
Recorded Online

One of a plan sponsor’s most important fiduciary duties is the selecting and monitoring of a competent service provider to supply services to the plan for a reasonable fee. To be a prudent fiduciary, this can involve conducting a vendor search to benchmark your current vendor against what others in the industry are providing.

We know conducting a vendor search can be a detail-laden, time intensive process that takes up to six months to complete. If the vendor search results in the selection of a new vendor, the conversion can disrupt the norm and create anxiety. However, the benefits of conducting a vendor search substantially outweigh the potential short-term inconveniences. Applying some battle-tested best practices along the way will not only help mitigate those inconveniences, but also ultimately result in the selection of the most suitable vendor to the plan.

During this webinar, Scott Cameron will discuss:

  • Benefits of conducting a vendor search
  • Frequency and timing of vendor searches
  • Vendor search best practices
  • Case studies

The webinar will conclude with a brief question and answer section.

About the Presenter
Scott Cameron, CFA, is the chief investment officer for Multnomah Group and a co-founding principal of the firm. Scott leads Multnomah Group's Investment Committee, is a responsible for the development of the firm's investment research methodology, and conducts investment manager due diligence. Scott also consults with plan sponsors on investment menu design, investment manager selection, fiduciary governance, and vendor fees / services.

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