Our Qualifications

 Terrence Morgan, AIF, Founder of Ok401k has been in the  employee benefits business since 1991.  In 2006, Terry pursued the Accredited Investment Fiduciary (AIF) designation which is sponsored through the Joseph Katz School of Business and the University of Pittsburgh.  This training and unique licensing has enabled Ok401k to provide a higher standard of service for 401k plan sponsors. 

Investment Fiduciary – Someone who is managing the assets of another person and stands in a special relationship of trust, confidence, and/or legal responsibility.

The vast majority of the nation’s liquid investable wealth is in the hands of investment fiduciaries, and the success or failure of investment fiduciaries can have a material impact on the fiscal health of this country. As critical as their role is, more needs to be done to define the details of a fiduciary’s prudent investment process. The purpose of the Accredited Investment Fiduciary (AIF) program is to step into this role and promote a culture of fiduciary responsibility and improve the decision-making process of investment fiduciaries.

All investment fiduciaries should demonstrate prudence in their investment decisions. By following a structured process based on the practices defined by the AIF Foundation, the fiduciary can be confident that critical components of an investment strategy are being properly implemented.

The term, “fiduciary,” can be divided further into three groups:

Investment Stewards – A person who has the legal responsibility for managing investment decisions (trustees and investment committee members).

Investment Stewards, along with their Investment Advisor if the Steward has retained one, have the most important, yet most misunderstood, role in the investment process: to manage the investment process. The Investment Steward is responsible for managing the overall investment strategy: deciding on the asset allocation, defining the details of the strategy, implementing the strategy with appropriate Investment Managers, and monitoring the strategy on an ongoing basis.

This applies to more than 5 million men and women who serve as:

• Members of investment committees of retirement plans, foundations, and endowments
• Trustees of private trusts

Combined, they manage more than 80% of the nation’s liquid investable wealth. As critical as their function is to the fiscal health of this nation, we do not have a single federal or state agency that provides education and training to the 5 million.

Investment Advisors – A professional who is responsible for managing comprehensive and continuous investment decisions (including wealth managers, financial advisors, trust officers, financial consultants, investment consultants, and financial planners).