QBOX Fiduciary Solutions

What QBOX Fiduciary Solutions does

QBOX Fiduciary Solutions, LLC is an independent Registered Investment Advisory (RIA) firm headquartered in Fort Wayne, Indiana, that provides ERISA 3(38) investment manager services to sponsors of qualified retirement plans. The firm operates under an open architecture investment platform, meaning it does not create or recommend its own proprietary investment products and instead researches, recommends, and selects investments from multiple external providers. Its proprietary "QBOX Boxes of Responsibility" service model visually maps the roles, fiduciary status, services, and fees of each party in a retirement plan, providing transparency to plan sponsors. Core offerings include ERISA 3(38) fiduciary services for qualified plans and Simple IRA services for small businesses, with an additional positioning as a fiduciary partner to independent RIAs and financial advisors who need a 3(38) overlay for their clients' plans.

The firm generates revenue through recurring, fee-based investment advisory engagements, with pricing quote-based and customized by plan size and complexity and billed annually. Its go-to-market is sales-led and relies on professional referrals through an ecosystem of independent RIAs, broker dealers, institutional money managers, recordkeepers, third-party administrators, and custodians. The named team comprises three individuals — Greg Moerchen (AIF), Mark Kaufman (AIF, CPA), and Donna Niswonger (Operations Manager) — and the company is privately held with no venture capital, private equity, or parent-company ownership indicated. QBOX was established in the early 2000s following the Mutual Fund Scandals and holds the Accredited Investment Fiduciary (AIF) designation; the firm has not publicly disclosed funding, revenue, or AUM.

Name

QBOX Fiduciary Solutions

Legal name

QBOX Fiduciary Solutions, LLC

Website

https://qboxfs.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

QBOX Fiduciary Solutions, LLC is an independent RIA firm in Fort Wayne, Indiana providing ERISA 3(38) investment manager and Simple IRA fiduciary services to small and mid-sized qualified retirement plan sponsors and partnering RIAs under an open architecture platform.

Ownership category

akta.pro rank

Product category

Retirement Plan Fiduciary Services

NAICS

Trust, Fiduciary, and Custody Activities (523991), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Finance Services (6199)

akta.pro primary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

akta.pro secondary industry

Fiduciary Investment Management (Trust Portfolios) (FSAEAKAI)

Keywords

• Fiduciary services
• ERISA 3(38) investment management
• Retirement plan advisory
• Qualified retirement plans
• Investment manager selection

Headquarters

HQ city

Fort Wayne

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Investment Advisory and Fiduciary Services: Fee-based investment advisory services for qualified retirement plans under ERISA 3(38) fiduciary structure. The firm provides investment manager selection, monitoring, and replacement services as a named fiduciary.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

QBOX Fiduciary Solutions is an independent Registered Investment Advisory firm that provides ERISA 3(38) fiduciary investment management services for qualified retirement plans. Acting as a named fiduciary, the firm assumes full discretion and legal liability for selecting, monitoring, and replacing investment managers. It also administers Simple IRA plans and uses an open architecture investment platform combined with its proprietary QBOX Boxes of Responsibility Process to deliver transparent, unbiased retirement plan management for plan sponsors and independent RIAs.

Product overview

QBOX Fiduciary Solutions is an independent Registered Investment Advisory (RIA) firm offering a unified fiduciary service platform for qualified retirement plans. The core offering consists of ERISA 3(38) Investment Manager services combined with a proprietary QBOX Boxes of Responsibility Process framework that visualizes service provider roles and responsibilities. The firm specializes in Simple IRA Services and ERISA compliance, operating under a true open architecture strategy without proprietary investment products. The service model clarifies fiduciary status, roles, services, and fees across multiple service providers to help plan sponsors achieve desired retirement outcomes.

Differentiator

Problem solved

Functional benefit

Products and services

• ERISA 3(38) Investment Manager Services

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core.

• Independent RIAs and Their FirmscoreStrategic or Co-development PartnerQBOX works closely with independent registered investment advisors and their firms to provide ERISA 3(38) fiduciary services. The goal is to foster great communication and processes between teams servicing retirement plans, enabling RIAs to offer comprehensive fiduciary services to their clients.
• Broker DealerscoreStrategic or Co-development PartnerCollaborative relationships with broker dealers to provide retirement plan fiduciary services. QBOX supports the service experience by fostering communication between teams that service the plan.
• Institutional Money ManagerscoreTechnology or IntegrationPartnerships with institutional money managers enable QBOX's open architecture strategy, allowing research, recommendation, and selection of investments best suited to each client's needs.
• RecordkeeperscoreStrategic or Co-development PartnerCollaborative relationships with recordkeepers to support comprehensive retirement plan administration and fiduciary oversight.
• Third Party Administration FirmscoreImplementation/ SI/ Consulting PartnerWorks closely with third party administration firms to provide superior service experience through great communication and processes between teams servicing the plan.
• CustodianscoreStrategic or Co-development PartnerCollaborative relationships with custodians as part of the open architecture investment platform, enabling change with industry and not being tied to a single service provider.

Scale indicators1 record

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Carson Group: RIA platform and coaching organization supporting affiliated advisors across retirement plan, wealth, and tax services. Comparable to QBOX as a partner organization for retirement plan fiduciary work, but with significantly broader product and advisor ecosystem.
• Cetera Financial Group: Large broker-dealer and RIA platform that supports affiliated advisors in delivering retirement plan services including 3(38) investment menu oversight. Comparable as a fiduciary partner to broker-dealer-sourced plans, though QBOX partners with multiple broker-dealers rather than aligning with one.
• Commonwealth Financial Network: Independent broker-dealer supporting RIAs and advisors in retirement plan services. Comparable to the broker-dealer partner segment QBOX serves, with similar fiduciary-adjacent offerings across its advisor network.
• Mesirow Financial Investment Consulting: Investment consulting practice providing institutional retirement plan advisory, manager research, and fiduciary oversight for corporate plan sponsors. Comparable to QBOX in serving plan-sponsor fiduciary needs but at greater scale and as part of a broader financial services firm.
• HilltopSecurities Institutional Services: Broker-dealer and investment bank with an institutional retirement plan practice that performs 3(38) manager research and oversight. Comparable in fiduciary oversight capability, but embedded within a larger capital markets and public finance firm rather than as a stand-alone RIA.
• Mariner Wealth Advisors: Large national RIA providing institutional consulting and fiduciary investment management for retirement plans and endowments. Comparable in offering institutional-style fiduciary services but operates at substantially greater scale than QBOX.

Direct peers

• OneDigital Retirement + Wealth: National retirement plan advisory and RIA firm offering 3(38) fiduciary services alongside recordkeeping and administration partnerships. Comparable business model but with substantially larger scale and corporate backing.
• CAPTRUST: Large independent RIA specializing in retirement plan advisory and 3(38)/3(21) fiduciary services for plan sponsors across the US. Closely comparable to QBOX in service model, with a focus on plan-sponsor fiduciary outsourcing and open-architecture investment selection.
• SageView Advisory Group: Specialist retirement plan consulting firm providing 3(38) investment management and fiduciary oversight to mid-market plan sponsors. Directly competes with QBOX's niche, with a similar open-architecture, fee-based model.
• NFP Retirement Plan Advisory (now NFP, an Aon company): NFP's retirement plan advisory practice provides 3(38) investment manager services and fiduciary consulting for corporate plans. Comparable in offering but operates at materially greater scale and broader distribution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/in/gmoerchen

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QBOX Fiduciary Solutions