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Key Takeaways & Insights

Partner Constantine Mulligan explains how simplified investment lineups can lead to sound participant decisions.

This article was originally written for PSCA’s investment committee and published in the Fall 2019 issue of PSCA’s Defined Contribution Insights.


  • Building an investment menu that improves outcomes by promoting good decisions can be a challenge. Traditional finance methods can only do so much. Participant behavior must be accounted for as well.
  • Asset allocation and diversification are key drivers of portfolio performance.
  • Simple menus are better for participants — makes it easier for them to build a well-rounded portfolio that will help them achieve their retirement goals.

Meet the Author

Constantine Mulligan


Constantine is a Partner and Director of Investments for the Retirement Plan Services group. He is a member of firm’s Investment Committee, helping to shape its investment philosophy and strategy. He also serves as a subject matter expert for ERISA clients. Constantine has more than 10 years of experience working with institutions and high-net-worth individuals.

Prior to joining Cerity Partners, he was a Managing Partner and Chief Investment Officer at Blue Prairie Group where he worked with plan sponsors and retirement committees to design investment solutions that mitigate risk and help participants retire successfully. Earlier in his career at Blue Prairie, he also served as the Director of Research and as a Senior Investment Analyst, overseeing the firm’s investment research and due diligence efforts as well as making investment recommendations to clients, advisors and consultants. Constantine also worked as an Investment Advisor and Operations Manager at both RH Financial Group and Results One Financial.

He earned his Master of Business Administration from DePaul University and his Bachelor of Science degree in Finance from Northern Illinois University. Constantine is a Chartered Financial Analyst and a member of the CFA Institute. He holds the Series 65 securities license.

Connect with Constantine

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