|PITTSBURGH, JUNE 6, 2019 - CEFEX, the Centre for Fiduciary Excellence, LLC, an Fi360®, Inc., company, has certified Intelligent Capitalworks of Scottsdale, AZ to the standard described in the handbook "Prudent Practices® for Investment Advisors". Intelligent Capitalworks 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 and institutional investors, that Intelligent Capitalworks has demonstrated adherence to the industry's best fiduciary practices. This indicates the firm's interests are aligned with those of investors."
Along with Fidelity Investments, Chubb, Thornburg Investment Management and several other firms, Intelligent Capitalworks provided the initial publication funding for the original "Prudent Practices® for Investment Advisors" handbook in 2006, currently published by Fi360, Inc. "We are pleased to continue advancing and contributing to the professional body of work for investment fiduciaries," says Vincent Rossi, President of Intelligent Capitalworks.
Intelligent Capitalworks is certified for fiduciary fee-only wealth advisory, retirement planning and discretionary investment management services for high-net worth individuals, families, trusts, ERISA retirement plans, philanthropic organizations, and business accounts. Intelligent Capitalworks 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 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 the firm's on-line CEFEX certificate. More information about Intelligent Capitalworks is available at www.intelligentcapitalworks.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 Toolkit(tm) and the Fi360 Fiduciary Score®. Fi360 is also the parent company of CEFEX. Learn more at www.Fi360.com via Twitter or on LinkedIn