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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Press Release RCM&D is Certified for Fiduciary Excellence |
Issued by Centre for Fiduciary Excellence [CEFEX] June 4, 2019 |
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. About CEFEX®: About Fi360®: About RCM&D BL:hh |
View More Press Releases by Centre for Fiduciary Excellence [CEFEX]
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