Chris Forte and Todd Wagenberg have been owners of Integrated Investment Consultants, LLC
(“Integrated” or the “Firm”), a Delaware limited liability company, since May 22, 2015. On
December 18, 2023, Integrated established a retirement consulting division to provide services
to retirement plan sponsors which is described in more detail below. We provide these services
as Integrated Retirement Consulting Services, LLC, (“Integrated Retirement,” “we,” and “us”).
Integrated also offers a variety of advisory services, which include investment management
consulting and investment management services to individuals, trusts, estates, charitable
organizations, corporations, and business entities. For information regarding services to these
types of accounts, please request a copy of the “Integrated Advisory Client Brochure.”
As of December 31, 2023, Integrated provides investment management consulting services for
approximately $2,813,060,189. Of that amount, approximately $720,840,060 is considered
regulatory assets under management. Integrated has discretion over approximately
$723,481,791 and consults on the remaining $2,089,578,398 on a non-discretionary basis.
Investment Management Services to Retirement Plan
We provide, on a discretionary basis, investment management services to qualified retirement
plans which are subject to the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”). As part of our services to qualified plans, we will act as a fiduciary of the plan under
Section 3(21)(A)(ii) and as an investment manager under Section 3(38) of ERISA. As a 3(38)
investment manager, the client gives us discretionary authority to manage the plan’s assets.
This means the client shifts their fiduciary responsibility to us for the selection of the specific
investments to be held by the plan or to be offered as investment options under it, consistent
with the policies outlined in the investment policy statement (“IPS”).
As a 3(38) investment manager, we will retain full discretionary authority to make changes to the
designated investment alternatives without prior consultation with the client. Integrated
Retirement may, at our sole discretion, employ a third-party money manager or sub-advisor
(“Independent Managers”) to manage all or any portion of a plan’s assets. The client may be
required to execute a limited power of attorney to grant the Independent Managers authority to
manage the plan assets on a discretionary basis. If Independent Managers are utilized,
Integrated Retirement will be responsible for any fees charged by such entity.
We continually monitor the performance of all investment options. The client can place
restrictions on the types of investments in which the plan assets are invested. These restrictions
or special
instructions must be provided to Integrated Retirement in writing. Clients must
promptly notify us of any changes in these instructions and/or limits, and we will have a
reasonable period of time to implement any such changes.
Integrated Retirement will require each client to make a selection of services in writing as part of
our retirement plan investment management agreement (“agreement”), which sets forth the
relevant terms, conditions and obligations of Integrated Retirement and the client. Integrated
Retirement offers the following services to qualified plans:
• Preparation of Investment Policy
Statement
• Participant Enrollment Services
• Performance Monitoring and
Reporting of Investments
• Concierge Services
• Selection of Qualified Default
Investment Alternative (“QDIA”)
• Request for Proposals/Plan Vendor
Search
• Education Services to Plan
Fiduciaries
• Benchmarking Services
• Counseling Services to Plan
Fiduciaries on Increasing Participant
Retirement Readiness
• Assistance in Identifying Plan Fees
• Participant Investment Education
Services
• Other Project Based Services
Use of Independent Managers
As mentioned above, Integrated Retirement may select certain Independent Managers to
actively manage a portion of a clients’ assets. The specific terms and conditions under which a
client engages an Independent Manager will be set forth in a separate written agreement with
the designated Independent Manager. In addition to this Brochure, clients will also receive the
written disclosure documents of the respective Independent Managers engaged to manage their
assets.
Integrated evaluates a variety of information about Independent Managers, which include the
Independent Managers’ public disclosure documents, materials supplied by the Independent
Managers themselves and other third-party analyses it believes are reputable. To the extent
possible, the Firm seeks to assess the Independent Managers’ investment strategies, past
performance and risk results in relation to its clients’ individual portfolio allocations and risk
exposure. Integrated Retirement also takes into consideration each Independent Manager’s
management style, returns, reputation, financial strength, reporting, pricing and research
capabilities, among other factors.
Integrated Retirement continues to provide services relative to the discretionary or non-
discretionary selection of the Independent Managers. On an ongoing basis, we monitor the
performance of those accounts being managed by Independent Managers. Integrated
Retirement seeks to ensure the Independent Managers’ strategies and target allocations remain
aligned with its clients’ IPS and overall best interests.