Addressing the insurance needs of Investment Advisors and other Financial
Professionals
NAPLIA is changing the way
financial professionals buy insurance.
Investment Advisors, Plan Consultants, Broker Dealers, and other Financial Professionals face an increased risk of claims for their professional services.
ERISA continues to broaden the definition of "who is a fiduciary" and for Investment Advisors and Financial Professionals the transfer of risk to insurance policies is the most effective risk management.
NAPLIA represents the leading
insurance markets
serving the investment and financial industries. We represent your
best interests and provide you with multiple quotes to make the most informed decision.
Policies are available to help protect Investment Advisers from claims alleging mismanagement of customer accounts, breach of fiduciary duty, ERISA liability, employee fraud, acceptance of invalid investments and similar errors and omissions in rendering professional services to customers.
"Bonding is required where and advisor has
the authority to direct the plan trustee to pay the advisors fee." -
Marcia Wagner, ERISA Attorney -
Read
the full legal opinion
NAPLIA has developed a universal "Fiduciary Acknowledgement Form" to
assist you in informing your clients about the benefits and value of
Fiduciary Insurance. This is not only a benefit to your clients,
but a practical Risk Management Practice for your firm.
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Gaining new clients, and maintaining your existing clients, is obviously a priority in growing your practice. Don't overlook the value of using your Insurance in your marketing efforts. Learn how and about NAPLIA's exclusive Confirmation of Insurance.
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NAPLIA partners with the leading financial
associations in the investment industry.
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"ERISA 3(38) Managing your
Liability"
NAPLIA provides an overview of Errors & Omissions
coverage specific to your role as a 3(38) fiduciary
including, proper coverage for your role as a 3(38)
investment advisor and ERISA 412 bonding requirements
