CEFEX - Reinforcing our Fiduciary Standard
Lorica Partners was founded on the principles of integrity, collaboration, stewardship, and exceptional client service. We are also deeply committed to continuous improvement. Our dedication to putting our clients’ needs first prompted us to audit our processes by engaging CEFEX, the Centre for Fiduciary Excellence, LLC.
In 2016, we contacted the CEFEX organisation and requested an independent analyst provide us with a comprehensive review. The process was rigorous and their assessment took months to complete. Having gone through that audit and carefully evaluating our procedures, we are proud to share Stewart Partners has been named for a fifth consecutive year as a CEFEX certified Investment Advisor.
This recertification signifies our commitment to uphold the highest level of fiduciary care, which covers the following essential responsibilities:
To act solely in the interest of clients, and with the exclusive purpose of providing benefits to them
To act prudently in the faithful performance of all duties
To diversify client investments
Pay only reasonable expenses.
By working with an independent advice firm with CEFEX accreditation like Stewart Partners, you can have full confidence our actions align with these responsibilities.
CEFEX is an independent global assessment and certification organisation. They work closely with industry experts to provide comprehensive assessment programs designed to improve the fiduciary practices of investment advisers, stewards (retirement plans, foundations, endowments, etc.), investment managers, and other financial service providers. CEFEX confers formal certification for firms willing to undergo an independent audit and who are also able to demonstrate they fully conform to high standards substantiated in case law and fiduciary best practices.
As a founding member of the Global Association of Independent Advisors, we also ensured CEFEX certification was a mandatory requirement for all members.
At Stewart Partners, we follow well-defined processes — grounded in best practices — so we can make sound, objective, and consistent decisions to serve our clients. CEFEX certification offers testament that we understand the importance of paying close attention to the highest level strategies and policies, as well as the most minute details of our business practices. CEFEX certification can instil confidence in our clients that Stewart Partners’ systems have been independently verified and are worthy of their trust.
We wanted to share news of this important recognition of our commitment to fiduciary excellence and continuous improvement. CEFEX recertification is yet another way we tangibly demonstrate that serving our clients’ best interests is our highest priority.
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, USA. Learn more at www.cefex.org.