|PITTSBURGH, JUNE 4, 2019 - CEFEX, the Centre for Fiduciary Excellence, LLC, an Fi360®, Inc., company, has certified, RCM&D from Towson, MD to the standard described in the handbook "Prudent Practices® for Investment Advisors". RCM&D 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 General Manager of the Centre for Fiduciary Excellence, Carlos Panksep, "Through CEFEX's independent assessment, the certification provides assurance to plan sponsors, that RCM&D has demonstrated adherence to the industry's best fiduciary practices. This indicates the firm's interests are aligned with those of its clients."
"We are honored to have CEFEX recognize and validate RCM&D's commitment to helping our clients fulfill their fiduciary duty to monitor the service providers," said Robert J.B. Kotler, RCM&D's Retirement Services Division Leader. "Our certification with CEFEX will help our clients rest assured that they are receiving fiduciary guidance that is aligned with global standards of excellence, and ultimately safeguarding their bottom line."
RCM&D is certified for business-to-business retirement program consulting for ERISA and non-ERISA plan sponsors. It serves as a co-fiduciary providing investment advisory services under ERISA section 3(21) and investment manager services under ERISA section 3(38) as an Investment Advisor Representative of Global Retirement Partners. RCM&D 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 RCM&D's on-line CEFEX certificate. More information about RCM&D is available at www.rcmd.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. Connect to CEFEX via Twitter or LinkedIn.
Fi360, a fiduciary education, training and technology company, helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors' assets. Since 1999, the firm has provided financial professionals with the tools necessary to act as a fiduciary in their work with investors. Headquartered in Pittsburgh, PA, Fi360 is the home of the Accredited Investment Fiduciary® (AIF®) designation, the Fiduciary Focus ToolkitTM and the Fi360 Fiduciary Score®. Fi360 is also the parent company of CEFEX. Learn more at www.Fi360.com via Twitter or on LinkedIn
RCM&D, headquartered in Towson, MD, is ranked among the top independent insurance advisory firms in the United States. Our specialized teams provide strategic solutions and consulting for risk management, insurance and employee benefits. Leveraging more than 130 years of experience and strong local, national and global reach, we partner with organizations to meet all of their business objectives. Learn more at www.rcmd.com.