Mr. Siedle now owns Benchmark Financial Services, an Ocean Ridge, Fla.

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"This isn't a wonderful situation, where if everybody stays calm, they will be made whole, " says Edward Siedle of Benchmark Financial Services in Ocean Ridge, Fla.

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"It's great that the SEC is finally alerting pensions to the dangers involved in hiring these consultants, " said Edward Siedle , president of Benchmark Financial Services , an Ocean Ridge, Fla.

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"The conflicts of interest with Hewitt and Aon put EnnisKnupp's clients at high risk, " declares Edward Siedle, a former federal securities regulator who now heads Benchmark Financial Services, an Ocean Ridge, Fla. firm that investigates institutional money manager abuses and also helps in selection.

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The compromise spot--high on a ridge overlooking sweeping pastures and the ocean--isn't likely to disappoint, however.

FORBES: Magazine Article