Fiduciary Services
A FIDUCIARY IS DEFINED AS SOMEONE ACTING IN A POSITION OF TRUST ON BEHALF OF OR FOR THE BENEFIT OF ANOTHER PARTY.
It is not unusual for those who are in a fiduciary role to be concerned about whether or not they are carrying out their responsibilities adequately. As a fiduciary, success or failure is ultimately judged by the process you follow rather than the specific decision you make.
We think with today’s responsibilities as a fiduciary it is imperative to have the correct plan, process and investment policy statement to address your needs.
Wealth Management Group can serve as an independent resource for your investment committee. We offer fiduciary assessments for existing retirement plans, endowments, foundations, trusts and high net worth individuals who want to verify that their assets are being invested and monitored prudently.
The following is a list of benefits of completing a fiduciary assessment:
- It provides a system to prepare, protect and certify trustees/officers.
- It helps to uncover investment and/or procedural rules, which will reduce liability and may reduce E/O premiums.
- It provides a check list of prudent practices which can be independently verified.
- If CEFEX Certification is obtained it demonstrates leadership, improves marketability and increases the potential for national and worldwide recognition.
Accredited Investment Fiduciary Analyst (AIFA®) designees are the few people in the country with knowledge in both a prudent investment process and assessment principles. These qualifications are becoming increasingly desired and demanded by both the industry and regulators. It is the only designation able to perform a CEFEX Fiduciary Certification, the independent recognition of a fiduciary conformity to all fiduciary practices and criteria.