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

Press release:

Match-E- Be-Nash-She-Wish Band of Pottawatomi Indians (Gun Lake Tribe) is Certified for Fiduciary Excellence

Issued by: Centre for Fiduciary Excellence [CEFEX]

Date: July 23, 2019

PITTSBURGH, JULY 23, 2019 - The Centre for Fiduciary Excellence (CEFEX), an Fi360® company, announced today that it has certified the investment fiduciary practices of Match-E- Be-Nash-She-Wish Band of Pottawatomi Indians (Gun Lake Tribe) in Shelbyville, MI as adhering to a global standard of excellence for Investment Stewards. The Gun Lake Tribe is the first federally recognized Indian Tribe to successfully complete the independent CEFEX certification process.

The Gun Lake Tribe's certification was obtained in partnership with Sovereign Investment Advisors, LLC (SIA) who serves as the Tribe's independent investment advisor. SIA is a 100% Native American-owned Company and is also a CEFEX Certified Firm.

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 Managing Director Carlos Panksep said: "Through CEFEX's independent assessment, the certification provides assurance to participants and stakeholders that the Gun Lake Tribe has demonstrated adherence to the industry's best fiduciary practices."

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), 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 Gun Lake Tribe's on-line CEFEX certificate, available at www.cefex.org/RegisteredCompanyList/Details/CFX10688.

Gun Lake Tribal Chairman Bob Peters said: "As Tribal leaders we are required to serve as fiduciaries to ensure that we make decisions that are in the best interests of our membership. This certification from CEFEX demonstrates to everyone that we are conforming to a strict set of best practices in the management of our investment portfolios. We are proud of our financial discipline and we are honored to be the first Sovereign Nation to earn this distinction."

The annual certification process involves a detailed review of documents, investments and procedures followed by on-site interviews with key personnel. A full copy of the standard is available at www.fi360.com. More information about the Gun Lake Tribe is available at: https://gunlaketribe-nsn.gov.

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 and www.cefex.org. Connect to CEFEX via Twitter or LinkedIn.

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 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.

About Gun Lake Tribe:
The Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians (Gun Lake Tribe) has a rich history in West Michigan and a close connection to the land. The Bradley Indian Mission, located near Wayland, is the historic residential and cultural center point of the tribal community. The Tribe's ancestors, and political predecessors, signed treaties with the United States government dating back to 1795. The Tribe was re-affirmed to federal recognition in 1999. For more information about the Tribe visit https://gunlaketribe-nsn.gov.

About Sovereign Investment Advisors:
Sovereign Investment Advisors, LLC (SIA); a wholly owned subsidiary of Sovereign Finance, LLC, is 100% Native Owned independent Registered Investment Advisor. SIA provides investment services exclusively to Native American Tribes, tribal enterprises, tribal organizations and nonprofit organizations with a tribally-oriented mission.

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


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