First Security Financial Wealth Manager, Inc.

First Security Financial Wealth Manager, Inc. provides advisory services oriented toward employer retirement plans (including 401(k), 403(b), pension and profit-sharing plans) and offers financial planning and public educational seminars. The firm delivers limited-scope ERISA 3(21) fiduciary services—helping develop investment policy statements, monitoring plan options, and providing participant education—while not acting as a custodian or directly holding client assets.

FSFWM generally operates on a non-discretionary basis and arranges for investment management through third-party managers, serving as a liaison between clients and those managers and reviewing periodic reports. It documents client goals and restrictions, assists with implementation and participant default selections, and discloses referral relationships when placing clients with external managers (including a named third-party manager in the brochure).

What is distinctive about the firm is its affiliation with a separate insurance practice in which the principal spends the majority of his time and through which insurance products may be offered, alongside an uncommon emphasis on pension consulting and public workshops for plan participants. The firm also does not accept discretionary trading authority or custody of client assets, relying on third-party managers and custodians and disclosing referral and incentive arrangements that may create conflicts of interest.