Who is managing MAP portfolios?
Alerus will act as your investment advisor with full decision-making authority over the investments in your account(s). Alerus acknowledges that we are an “investment manager” as defined by ERISA’s Section 3(38). Unlike most other providers, the Alerus Managed Account Program does not use proprietary mutual funds in the participant asset allocations. This gives Alerus the freedom to create the most effective portfolio for participants. In addition, Alerus may offer individual securities to balances above $400,000 reducing management cost.