Introducing 90 North's Polaris

In this solo episode, Eric Dyson unveils Polaris, a governance framework designed to turn IPS language into disciplined, principled fiduciary action. **In this episode, Eric discusses:** - Mission and focus of 90 North Consulting - Why investment policy statements matter under ERISA - The concept of structured discretion in IPS language - Documentation, monitoring, and fiduciary governance - How Polaris evaluates and strengthens investment policy statements **Key Takeaways:** - An investment policy statement is more than a legal or investment document; it is fundamentally a fiduciary governance document that should help fiduciaries make better decisions. - Overly rigid IPS language can force imprudent outcomes, while overly flexible language undermines governance; the goal is “structured discretion” that creates clear decision points. - Under ERISA, drafting and determining the terms of an IPS is itself a fiduciary act, and fiduciaries must generally act in accordance with the IPS as a governing document. - Good governance is not only about prudent decisions but also about documenting the process in a way that demonstrates care, skill, prudence, and diligence if later scrutinized. - Polaris provides a multi-lens framework—trust law, ERISA, DOL guidance, and investment governance best practices—to clarify responsibilities, delegation, and monitoring without simply making the IPS longer. ***“Documentation is not a substitute for prudence; it's evidence that the prudent process actually occurred.”* - Eric Dyson** **Connect with Eric Dyson:**  **Website:** https://90northllc.com/ **Phone: 940-248-4800** **Email:** [**contact@90northllc.com**](mailto:contact@90northllc.com)  **LinkedIn:** https://www.linkedin.com/in/401kguy/  **The information and content of this podcast are general in nature and are provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date, but may be subject to change.** **It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design, or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.** **The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.** **The opinions expressed by guests on the Be More Than a Fiduciary podcast are not necessarily the same as the opinions held by 90 North Consulting or by Executive Director Eric Dyson.**