|
|
|
Mission
|
|
|
CEFEX promotes fiduciary best practices in the investment management industry.
CEFEX is an independent global assessment and certification organization. It works closely with investment fiduciaries and industry experts to provide comprehensive assessment programs to improve risk management for institutional and retail investors.
CEFEX certification helps determine trustworthiness of investment fiduciaries.
Why Independent Fiduciary Oversight?
To increase TRUST.
In a time of financial industry anxiety, trust in asset management is more important than ever. Investor trust is critical to a firm which provides fiduciary functions. Stewards of retirement plans, endowments, foundations and personal trusts are looking for proof of their investment firm’s integrity. Conversely, investment firms and advisors, are looking for a way to show investors that their trust is warranted.
As a certifying organization, CEFEX provides an independent recognition of a firm’s conformity to a defined Standard of Practice. It implies that a firm can demonstrate adherence to the industry's best practices, and is positioned to earn the public's trust. This registration serves investors who require assurance that their investments are being managed according to commonly accepted best practices.
Fiduciary certification programs are based on Prudent Practice handbooks published by Fiduciary 360, of Bridgeville, PA.
Fiduciary 360 offers an all-encompassing approach to investment fiduciary education,
practice management, and support that has established it as an authority on investment fiduciary insights. It’s mission is to promote a culture of fiduciary responsibility and improve the decision making processes of investment fiduciaries. Fiduciary 360 has developed the training programs that lead to the Accredited Investment Fiduciary (AIF) and Accredited Investment Fiduciary Analyst (AIFA) designations.
CEFEX Recordkeeper certification programs are based on a Standard of Practice developed with the American Society of Pension Professionals and Actuaries (ASPPA). ASPPA is a national organization of more than 6,000 retirement plan professionals who provide consulting and administrative services for qualified retirement plans covering millions of American workers. ASPPA members are retirement professionals of all disciplines including consultants, administrators, actuaries, accountants, and attorneys. The large and broad-based ASPPA membership gives it unusual insight into current practical problems with the Employee Retirement Income Security Act and qualified retirement plans with a particular focus on the issues faced by small- to medium-sized employers. ASPPA membership is diverse and united by a common dedication to the private retirement plan system.
CEFEX-certified firms are entitled to join the Investment Fiduciary Leadership Council (IFLC). IFLC is an international association of Investment Advisors, Investment Managers, and Investment Stewards. IFLC's mission is to provide its members with the market visibility, resources, information, and leadership needed in order to influence positively the worldwide fiduciary community
|
|
|