Fire Dept Relief Associations

In our work with fire department relief associations, we believe it is crucial to have a dynamic process in place to optimize asset allocation while making sure that the relief associations' obligations can be met.

This optimization can lead to a more efficient portfolio with greater potential for longer term growth.

Our internal management system ties the asset allocation component together with cash flow complexities including vesting schedules, annual contributions, a multitude of members and intermittent cash flows that can range from years of significant outflows from member turnover to years with very little cash flow activity.

We provide the board with relevant information to assist in decision making, such as determining the amount and duration of benefits and contributions, as well member eligibility.

Similar to the board having a fiduciary obligation to the plan members, taxpayers, and the state of Minnesota, as your advisor we have a fiduciary duty to the board.