Curcio Webb has over a decade of experience assisting plan sponsors with 3(38) provider searches, which are commonly referred to as Outsourced Chief Investment Officer searches.
Phil Edwards and Uma Kolluri were recently interviewed for an article in PlanSponsor where they shared some of the market trends they see in the 3(38) fiduciary management marketplace. In this article, they were quoted as saying:
“Today the demand for 3(38) search, support and monitoring has moved up market into plans with billions of dollars in assets” as plan sponsors have a desire to focus more attention on their business they note. Interest from mid-sized and smaller plan sponsors remains strong as well. “The emphasis from many of the mid-sized and smaller plan sponsors is pursuing cost savings. These clients have an understanding that working with an outsourced chief investment officer [OCIO], as we tend to describe the 3(38) relationship, can help them purchase investments with far greater economies of scale.”
Read the full Matchmaker for 3(38) Fiduciary Services Talks Market Trends article.
Should you hire an OCIO?
Read the OCIO selection case study and find out.