Featured Jobs

Senior Pension Consultant (Westlake Village CA / Telecommute)

Retirement Plan Administrator (Birmingham AL / Telecommute)

Retirement Plan Sales Territory Manager (Irving TX)

NQ Client Services Manager (Private Label) (Lake Mary FL / Dallas TX)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

By Date   |   By Company Name

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

Press release:

Magus Private Wealth is Certified for Investment Advisor Fiduciary Excellence

Issued by: Centre for Fiduciary Excellence [CEFEX]

Date: Aug. 13, 2019

PITTSBURGH, August 13, 2019 - CEFEX, the Centre for Fiduciary Excellence, LLC, a Fi360 company, has certified Magus Private Wealth Ltd (Magus) of London, England to the standard described in the handbook "Prudent Practices for Investment Advisors". Magus joins an elite group of investment advisers globally who have successfully completed the independent certification process.

The standard describes how an investment advisory firm 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, Carlos Panksep, "Through CEFEX's independent assessment, the certification provides assurance to investors that Magus has demonstrated adherence to the industry's best fiduciary practices. This indicates the firm's interests are aligned with those of investors."

Magus has been certified for investment advisory services for high net worth clients engaged in systematic investment strategies. The firm is registered here, where its certificate can also be viewed.

Ian Hawkes, Chief Executive, Magus, said, "we are absolutely delighted to achieve this certification. In this time of change in the financial industry, trust is critical and having this certification shows that we set ourselves the very highest standards, we adhere to our ethical and legal duties and that we place our clients' interests above our own, with the 2 most fundamental duties of fiduciaries being loyalty and care. This certification also shines a light on our business - from how we manage our business, how we run money, to ensuring we have the right systems, processes and controls in place."

A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Magus' on-line Independent Assessment Report. More information about Magus Private Wealth is available at www.maguswealth.co.uk.

About CEFEX®:
CEFEX, Centre for Fiduciary Excellence, LLC, a 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


For more information: http://www.maguswealth.co.uk/img/feature-articles/CEFEX-News-Release-v.3-FINAL.pdf

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

This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2019 BenefitsLink.com, Inc.