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View More Press Releases by Centre for Fiduciary Excellence [CEFEX]

Press Release

CEFEX Executive Chairman Blaine Aikin and Summit Group Retirement Planners, Inc. Honor Ten Investment Stewards for Fiduciary Excellence

Issued by Centre for Fiduciary Excellence [CEFEX]

June 20, 2019

PITTSBURGH, JUNE 13, 2019 - The Centre for Fiduciary Excellence (CEFEX), an Fi360® company, announced today that it has certified the investment fiduciary practices of ten Investment Stewards working with CEFEX certified Investment Advisor, Summit Group Retirement Planners, Inc. based in Exton, PA. These organizations are adhering to a global standard of excellence for Investment Stewards as evidenced by their successful completion of the independent CEFEX certification process. To honor their CEFEX certification, Summit Group Retirement Planners, Inc. and CEFEX are co-hosting an exclusive certificate presentation at The Ave King of Prussia on Thursday, June 13, 2019 from 5-7pm.

The Investment Stewards receiving their CEFEX certificates are:

  • Korman Employees' Savings Plan of Trevose, PA
  • Soleo Health of Sharon Hill, PA
  • Strata Company of Plymouth Meeting, PA
  • Greg A. Vietri, Inc. of Coatesville, PA
  • Heritages Dairy Stores of Thorofare, NJ
  • Delmont Utilities of Newtown Square, PA
  • Advent Design Corporation of Bristol, PA
  • Keating Partners of Philadelphia, PA
  • Clarifi of Philadelphia, PA
  • Title Alliance, LTD of Media, PA
The CEFEX standard of excellence for Investment Stewards is based on 21 fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses, and selecting or terminating investment managers. The practices also help uncover investment and/or procedural risk, which may assist in prioritizing investment management projects.

CEFEX Executive Chairman Blaine Aikin said: "Through CEFEX's independent assessment, the certification provides assurance to retirement plan participants that the investment fiduciaries to their plans have demonstrated adherence to the industry's best fiduciary practices."

Derek Fiorenza, Managing Partner, Summit Group Retirement Planners, Inc, said "We believe every American deserves an opportunity to retire debt free and with dignity. As a result of that belief and philosophy, we continually strive to pursue better fiduciary practices and standards both as a firm and on behalf of our clients. The CEFEX process has provided an avenue for our clients to have their retirement plans independently reviewed and certified by the Centre for Fiduciary Excellence. We are extremely proud of our clients for achieving the impressive accomplishment known as the CEFEX Certification!"

The fiduciary practices are based on the Fi360 Inc. publication: Prudent Practices for Investment Stewards® and are substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), Investment Advisers Act of 1940, Uniform Prudent Investor Act (UPIA), Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Model Management of Public Employee Retirement Systems Act (MMPERSA) in the U.S. A summary of the fiduciary practices can be viewed by clicking on any of the plan sponsors on-line CEFEX certificates, available at www.cefex.org/CertifiedStewards.

About CEFEX:
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 at www.CEFEX.org, via Twitter @CEFEX1 and on LinkedIn @CEFEX.

About Fi360:
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.

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View More Press Releases by Centre for Fiduciary Excellence [CEFEX]


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