IRON Financial Announces CEFEX Certification
IRON is among the first investment managers globally to successfully complete the independent CEFEX Fiduciary Assessment. The assessment certified IRON’s Discretionary Investment and ERISA 3(38) Investment Advisory Services for ERISA Defined Contribution and Defined Benefit Plans.
“We are pleased to receive this notable certification, recognizing our commitment as an investment advisor to maintaining best practices as a truly independent fiduciary,” said Dick Friedman, Managing Director, Corporate Retirement Services, IRON Financial. “This recognition is indicative of the quality of our offering and dedication to meeting the needs of plan sponsors and participants.”
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.
About IRON Financial
IRON Financial is an asset manager serving a diverse universe of private investors and institutions. We manage investment portfolios across both core and alternative asset classes, as well as providing comprehensive solutions to the qualified retirement plan marketplace. Founded in 1994, IRON’s mission is to provide investment strategies that help mitigate risk, generate attractive relative returns, and help financial intermediaries, foundations, and institutions preserve and grow capital. For more information, please visit www.ironfinancial.com .
About the Centre for Fiduciary Excellence, LLC
CEFEX, Centre for Fiduciary Excellence, LLC is an independent certification organization. It works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX has offices in Toronto, Canada and Pittsburgh, PA. For more information, visit www.cefex.org .
Investment Advisor And Fiduciary - News
“We are pleased to receive this notable certification, recognizing our commitment as an investment advisor to maintaining best practices as a truly independent fiduciary,” said Dick Friedman, Managing Director, Corporate Retirement Services,
"The new DoL regulations make it increasingly difficult for non-fiduciary advisors to provide valued services to 401(k) plans," said Louis S. Harvey, DALBAR'S president. He added that, "Investment advice will soon be the exclusive domain of fiduciaries
The Securities and Exchange Commission has recommended to Congress a rule changes that would place broker-dealers under the tighter fiduciary standard. Currently, only investment advisers must adhere to that more onerous requirement.
The Securities and Exchange Commission has recommended to Congress a rule change that would place broker-dealers under the tighter fiduciary standard. Currently, only investment advisers must adhere to that more onerous requirement.
The new document, called a "Brochure Supplement" or "Form ADV Part 2B," is mandated by the Securities and Exchange Commission for registered investment advisers (who are fiduciaries under the law). The supplement is in addition to the new "brochure"
Why Should 401k Plan Sponsors Care What Others ... - Fiduciary News
Results, “85% of full service investors either have not heard of or do not understand the difference between a suitability standard and a fiduciary standard. It gets scarier. Again per the press release, “among those full service investors who are currently in a fiduciary relationship, 57 percent state that this increases their comfort level with their adviser, while 42 percent state that it decreases their comfort level.” Said another way, it’s very possible that for every five employees, two of them might react with concern upon finding their 401k plan sponsor has just hired a fiduciary.
Ironically, in January we chronicled the result of a new research paper whose lead researcher concluded 401k investors will tend to benefit from hiring a fiduciary charging an asset based fee of less than 1% compared to buying funds through a broker, (“ Does New Study Seal the Deal for Fiduciary Standard – or Just Warn Plan Sponsors? ” Fiduciary News , January 19, 2011). Yet, the J.D. Power survey shows investors not only can’t conceive of the benefit of the fiduciary standard, but almost half of them aren’t comfortable with it. Face it, when you’re in the casino, you think everyone has an extra ace up their sleeve.
Let’s first consider this question: Do 401k plan sponsors act more like the fiduciaries they’re supposed to be, or do they act more like retail investors? The J.D. Power survey doesn’t answer that question, but the experience of industry experts might provide some anecdotal evidence. “Most plan sponsors we talk to are exactly like that, they look at us as if we are crazy and making this stuff up to sell snake oil,” says Mark Levin, an Accredited Investment Fiduciary (AIF) from Florida. He adds, “It’s very frustrating, but eventually, over the next 20 years the DOL will somehow get the message out. They have a great website, but I don’t think any HR people or business owners ever look at it.”
Courtenay Shipley, CRPS, AIF of Nashville, Tennessee says, “If ‘ERISA fiduciary’ or ‘fiduciary responsibility’ doesn’t have resonance with the plan sponsor and it’s not on their radar to even ask about, any broker and any product will do. Hopefully the fight continues simply for media attention to raise awareness, especially in the small to medium-size business marketplace. Don’t forget we live in a world where 401k plans are marketed by payroll and business solutions companies as though it were synonymous with ‘Would you like fries with that?
Investment Advisor And Fiduciary - Bookshelf
The four pillars of retirement plans, the fiduciary guide to participant-directed retirement plans
"If you are a trustee, plan sponsor, or financial advisor serious about the retirement plan marketplace, you MUST read this book, or you will be ill-equipped to ...The Fiduciary, An In-depth Guide to Fiduciary Duties--from Studebaker to Enron
Fiduciaries must also evaluate the costs and fees associated with the investment services of ... who may be an investment advisor, broker, or consultant. ...Congressional Record, V. 147, Pt. 16, November 8, 2001 to November 28, 2001
Under this legislation, investment advice may only be offered by "fiduciary advisors" — qualified entities that are already fully regulated under other ...Congressional Record, V. 149, Pt. 9, May 14, 2003 to May 21, 2003
"(III) of any limitation placed on the scope of the investment advice to be provided by the fiduciary adviser with respect to any such sale, acquisition, ...Study on Investment Advisers and BrokerDealers
The uniform fiduciary standard would require broker-dealers and investment advisers to act in the best interest of retail customers without regard to the ...Electronic Information Directory
Fiduciary Investment Advisors - Retirement Plans, Endowments ...
... Fiduciary Investment Advisors was selected as the Retirement Plan Adviser Team of the Year! ... broker and do not receive compensation from investment products, our ...
Mullaney Trust | | Mullaney Trust
Mullaney Trust is a fee only fiduciary serving high net worth families and individuals. ... composite depending upon which investment strategy is the predominant ...
Investment Advisor Errors & Omissions Insurance
Errors & Omissions Insurance, Professional Liability, and Fiduciary Insurance for Investment Advisors, Financial Professionals
Self-Assessment of Fiduciary Excellence
1. There is an omission or shortfall in the Investment Advisor's procedures; and/or. 2. The question is not applicable to the Investment Advisor's practice. ...
Chevy Chase Trust - Investment Management and Fiduciary Services
investment management financial advisor fiduciary services bethesda md ... With over $8 billion in investment and fiduciary assets and 63 professionals averaging ...