SEPTEMBER 24, 2019 – CEFEX, the Centre for Fiduciary Excellence, LLC, an Fi360®, Inc. company, has certified WebsterRogers Financial Advisors, LLC in Florence, SC to the standard described in the handbook “Prudent Practices® for Investment Advisors”. WebsterRogers Financial Advisors, LLC joins the elite group of Investment Advisors to successfully complete the independent certification process.
The standard describes how an Investment Advisor assumes the responsibility for managing a client’s overall investment management process, which includes the selection, monitoring and de-selection of investment managers, as well as developing processes to implement investment strategies and fiduciary practices on an ongoing basis. According to the Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep, “Through CEFEX’s independent assessment, the certification provides assurance to individual and institutional clients, that WebsterRogers Financial Advisors has demonstrated adherence to the industry’s best fiduciary practices. This indicates the firm’s interests are aligned with retirement plan participants and investors.”
“WebsterRogers Financial Advisors is dedicated to our clients and we want to make sure we are offering them the best possible service as well as give them piece of mind that they made the right choice in choosing us to manage their company retirement plan,” said Jessica Carney, Director of Employee Retirement Services.
WebsterRogers Financial Advisors, LLC is certified in services provided to participant directed retirement plans as an ERISA 3(38) Investment Manager. WebsterRogers Financial Advisors is registered on this public page, where its certificate can also be viewed.
The standard is substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisers Act of 1940, the Uniform Prudent Investor Act (UPIA), the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Model Management of Public Employee Retirement Systems Act (MMPERSA) in the U.S.
A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on WebsterRogers Financial Advisors on-line Independent Assessment Report. More information about WebsterRogers Financial Advisors, LLC is available at www.wrfasc.com.
CEFEX, Centre for Fiduciary Excellence, LLC, an Fi360® company, is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX is based in Pittsburgh, PA and www.cefex.org. Connect to CEFEX via Twitter or LinkedIn.
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