Callan’s responses to the SEC and DOL on tips for Plan
fiduciaries:
Recommended Questions for Selecting and
Monitoring Pension Consultants
Callan’s consulting to Investment Manager
fiduciaries is one of our five business lines.
Manager Relationship
Disclosure Policy
Products and Services for Investment
Management Firms
Full text of our Employee Code of Ethics:
Code of Ethical Responsibility
Callan is a registered investment adviser with the SEC. Pursuant to SEC rules and regulations, we offer our Form ADV Part II to all of our clients on an annual basis as well as provide it at the initiation of our business relationship with them. We also provide our Form ADV Part II to clients and prospects upon request.
As part of our standard disclosure policy [View Policy] we believe in providing our clients with transparency with regard to the investment management organizations that do business with Callan. Callan has no ownership interest in or affiliate relationships with money managers and has no related companies, either parent or subsidiary. Callan does have an asset management group, the Trust Advisory Group, but will not recommend any of its products to its clients.
Callan, through its Institutional Consulting Group, works with over 200 institutional investment managers who are collectively responsible for the management of over 80% of U.S. institutional tax-exempt assets. We provide these clients with a wide range of services, including performance evaluation, database services, software, research, education, and strategic consulting.
In the course of working with our fund sponsor clients, many of these same managers are recommended, considered for recommendation, or otherwise mentioned to a plan for consideration during the normal course of our consulting relationship. As a very strict policy, our Fund Sponsor Consultants and Research Professionals do not consider in any way an investment manager’s business relationships with Callan, or lack thereof, in performing evaluations for or making recommendations to our fund sponsor clients. Callan’s Code of Ethics is very clear on this point, and any violation of this policy can result in immediate termination.
Callan’s manager client list is available to fund sponsor prospects upon request and is provided to fund sponsor clients routinely and more often upon request. If a fund sponsor client requires more specific information regarding the fees paid to Callan employed by their fund, we are happy to provide that information. By policy, these types of requests are handled exclusively by our Chief Compliance Officer.
Callan’s reputation is based on providing objective information and recommendations to our clients and prospects. Our success depends not only on the quality of information we provide, but on the degree of professionalism, honesty, and integrity with which we conduct ourselves in the collection, processing, and dissemination of information.
All Callan employees must read and sign our Code of Ethical Responsibility and adhere to it at all times. View Code