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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Press Release Lestna Retirement LLC is Certified for Fiduciary Excellence |
Issued by Centre for Fiduciary Excellence [CEFEX] Jan. 15, 2019 |
PITTSBURGH, JANUARY 15, 2019 - CEFEX, the Centre for Fiduciary Excellence, LLC, an Fi360®, Inc., company, has certified, Lestna Retirement LLC in Chicago, IL to the standard described in the handbook "Prudent Practices® for Investment Advisors". Lestna Retirement LLC (Lestna) 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 retail investors, that Lestna has demonstrated adherence to the industry's best fiduciary practices. This indicates the firm's interests are aligned with those of investors." Lestna Retirement LLC is certified for investment advisory services for individuals, families & trusts. Lestna is registered at www.cefex.org, 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 Uniform Management of Public Employee Retirement Systems Act (UMPERSA) 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 Lestna's on-line CEFEX certificate. More information about Lestna Retirement LLC is available at www.lestna.com. About CEFEX®: About Fi360®: BL:hh |
View More Press Releases by Centre for Fiduciary Excellence [CEFEX]
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