Completes Independent Certification Process and Assessment
Madison, WI / Rockville, MD March 9, 2016—Bronfman E.L. Rothschild today announced that the Centre for Fiduciary Excellence (CEFEX) has certified the firm to the fiduciary standards of excellence described in the Prudent Practices for Investment Advisors handbook as published by Fiduciary360. Bronfman E.L. Rothschild joins an elite group of advisors who have completed this independent certification process.
According to CEFEX, the standard describes how an investment advisor assumes responsibility for managing a client’s overall investment management process, which includes the selection, monitoring and replacement of investment managers, as well as developing a process to implement investment strategies and fiduciary practices on an ongoing basis. “Through CEFEX’s independent assessment, the certification provides assurance to retirement plan clients that Bronfman E.L. Rothschild has demonstrated adherence to the industry’s best fiduciary practices,” said Carlos Panksep, General Manager of CEFEX. “This indicates that Bronfman’s interests are aligned with those of investors.”
Said Neal Simon, CEO and Principal, Bronfman E.L. Rothschild, “As we grow our retirement advisory services to serve clients based on the east coast, we are encouraged to know that those services have been acknowledged to uphold the highest standards in the industry”
The standard is based on legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA) and the Investment Advisor’s Act of 1940, among others. A full copy of the standard can be found at www.cefex.org.
Said Marc McDowell, CERS®, AIFA® Director, Retirement Plan Services, Bronfman E.L. Rothschild “This certification confirms that the approach we have always taken – to act as a fiduciary and put our clients’ interests first – is in fact the industry gold standard. It recognizes the quality of our processes and our commitment to fiduciary excellence for our many qualified retirement plan clients.”
About Bronfman E.L. Rothschild
Creating, enhancing, and preserving wealth is the focus at Bronfman E.L. Rothschild. Through in-depth knowledge and experience, specialized wealth management advisors help families and individuals clarify their financial goals and develop a tailored strategy to meet their objectives. Overseeing more than $3.8 billion in client assets under management*, the firm works to understand each client’s goals and offers candid advice and guidance through the complex investment arena. The firm also serves as a consultant to corporate retirement plans, overseeing investment fund selection and monitoring, providing fiduciary oversight, and offering its unique Retirement Readiness education experience to plan participants. The firm’s retirement plan consulting and administration professionals specialize in assisting with the design, implementation, and administration of qualified retirement plans. They also provide consulting services on a wide range of retirement plan issues including plan termination, IRS and DOL audits, and plan corrections under IRS and DOL approved procedures.
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*Client assets under management as of 12/31/15
Bronfman E.L. Rothschild, LP is a registered investment advisor.