The Center for Fiduciary Excellence (CEFEX) is an independent assessment and certification organization with a mission to promote fiduciary best practices in the investment management Industry.
CEFEX certification attests that a fiduciary 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. CEFEX certification verifies that your advisor is working for you!
How Firms Gain CEFEX Certification
The CEFEX Fiduciary Assessment is an independent risk-based assessment of an organization's ability to meet investors' expectations. Using quantitative and qualitative criteria, it measures adherence to generally accepted fiduciary practices.
Pinkerton Retirement Specialists has become certified in the following area through CEFEX:
Investment Advisors - A professional who is responsible for managing comprehensive and continuous investment decisions (including wealth managers, financial advisors, trust officers, financial consultants, investment consultants, and financial planners).
The Fiduciary Certification is performed by a qualified CEFEX Analyst, and reviewed by the CEFEX Registration Committee to ensure complete impartiality. The process uses the ISO 19011 audit standard, an internationally recognized standard for testing process management systems.
Certification includes analysis of structural risk at the organization level. This includes a review of business management from board level down to middle and back office support, including sales and marketing, compliance and risk management, information technology, business continuity planning, and overall resource allocation.
Additionally, the certification process analyzes the investment risk of asset management. This is a flow-through review of the investment process from research to trade execution, including portfolio construction and holdings, strategic and tactical asset allocation, and performance attribution.
A successful certification process, as decided by the CEFEX Registration Committee, results in:
- A CEFEX certificate being issued.
- Registration on CEFEX’s public database, under Registered Firms
- Permitted use of the CEFEX mark in both print and web form.
Learn more with FI-360 (Foundation for Fiduciary Studies)
Contact Pinkerton Retirement Specialists for more information on Fiduciary Excellence in our 401k Management Program