Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

DC Plan Administrator
Heritage Administrative Services, LLC
(Woodbury NY)
DC Plan Administrator

The Benefit Advantage
(Auburn Hills MI / Telecommute)
Defined Contribution Plan Administrator

The MandMarblestone Group, llc
(Philadelphia PA / Telecommute)
Retirement Plan Administrator

Group RHI
(Telecommute)
Defined Contribution Plan Specialist

Aprio
(Alpharetta GA / AL / NC / Telecommute)
Defined Benefit Plan Administrator

AimPoint Pension
(Telecommute)
ESOP Administrator

Blue Ridge ESOP Associates
(VA / Telecommute)
Pension Systems Administrator
DeMars Pension Consulting Services, Inc.
(Overland Park KS)

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
Twitter
Facebook

By Date   |   By Company Name


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

Press release:

Lyra is Certified for Investment Advisor Fiduciary Excellence

Issued by: Centre for Fiduciary Excellence [CEFEX]

Date: Sept. 16, 2019

PITTSBURGH, September 12, 2019 - CEFEX, the Centre for Fiduciary Excellence, LLC, a Fi360 company, has certified Lyra Financial Wealth AB of Stockholm, Sweden and Lyra Wealth SA of Geneva, Switzerland (Lyra) to the standard described in the handbook "Prudent Practices for Investment Advisors". Lyra 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 General Manager, Carlos Panksep, "Through CEFEX's independent assessment, the certification provides assurance to investors that Lyra has demonstrated adherence to the industry's best fiduciary practices. This indicates the firm's interests are aligned with those of investors."

Alexander Arnbäck says, "We are very proud to have received the CEFEX certification, placing us amongst an elite group of firms around the world. Having this certification shows that we are trustworthy and put our clients' interest above our own, with the two most fundamental duties of fiduciaries being loyalty and care."

Sarah Genequand says, "Being the first firm in Continental Europe & Sweden to be CEFEX certified shows that the road to transparency in financial services is still long. We hope that this will inspire other firms to become CEFEX certified and modify their business model to put their clients' interests as their highest priority."

Lyra has been certified for investment management services for wealth management clients engaged in systematic investment strategies. The firm is registered at www.cefex.org, where its certificate can also be viewed.

A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Lyra's on-line Independent Assessment Report. More information about Lyra is available at https://www.lyrawm.com.

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 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.

BL:hh

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.