To our clients, colleagues, and business associates nationwide,
I have received a large number of questions regarding the situation described earlier this week. While personnel turnover is a normal business event, a termination of a Principal, for cause, at a professional, regulated firm is extraordinary, we acknowledge this. This is especially true, given the degree of regulatory scrutiny that we receive from multiple entities, in multiple geographic locations. A partial list of answers to questions that I have received is included. It is here for public consumption: it is vital that my answers are 100% consistent with each other.
a. We are aware of the importance of confidentiality (my mother doesn’t know your identity, even if she has been your friend for years). For example, you can see that you are receiving these emails under blind copy (all of your identities and emails are not revealed to each other). At this time, we do not currently suspect that any theft of sensitive information has occurred. Given Ms. Hiltz’ prior position and privileges, she did have almost unlimited access to your private data. The reason for the public memo is that if you have reason to believe that your private data has been revealed to any other party, please contact us immediately.
b. Given GH2’s high visibility with large associations (example, State Bar of MI), and the fact that there is always a great deal of scrutiny that surrounds 501c3 charities, we will respond to your concerns within 1 business day. We have regulatory requirements which bind GH2 Benefits to this responsibility, and we will precisely meet these requirements.
c. Ms. Hiltz did cause GH2 Benefits financial damage, which is being actively resolved. The details of this will remain private, we will not answer questions, unless required by law. (Update: Ms. Hiltz has repaid the financial damage, without admission of guilt. The repayment itself is her tacit admission.)
I am personally gratified by the overwhelming support of the principles we pursue, as stated earlier this week, thank you.
Jae W. Oh, MBA CFP CLU ChFC
Managing Principal, GH2 Benefits LLC
Chairman, Great Humanity Healthcare Foundation, a 501(c)(3) tax exempt organization
Jae W. Oh, MBA, CFP®, CLU®, ChFC®
GH2 Benefits, LLC
416 W. Huron St, Suite 1
Ann Arbor, MI 48103
The original post is here:
April 20, 2018
To Whom It May Concern,
It gives me no pleasure to announce that Isabelle R. Hiltz, Principal, has been terminated, for cause.
GH2 Benefits continues to represent our clients without discrimination of any sort, including but not limited to sex, age, race, financial means, or orientation. Our professionals will also exhibit the highest professional standards in every instance. Our clients, current and future, depend on this.
Our unparalleled career opportunities are available to those that share this vision, and to those that exhibit these professional standards. Any deviation from that standard will be deemed to be unacceptable, as in this case, and will be addressed decisively. No one is more accountable to meet those standards than I.
Jae W. Oh, CFP
Founding Principal, GH2 Benefits, LLC
Chairman, Great Humanity Healthcare Foundation, Inc, a 501(c)(3) organization
A signed copy of this document can be viewed here: Isabelle Hiltz Termination Announcement. Any and all questions will be answered by me and by me alone, directly.