Madison, WI and Rockville, MD. March 8, 2017 —Bronfman E.L. Rothschild today announced that, for the second year in a row, the Centre for Fiduciary Excellence (CEFEX) has certified the firm to its fiduciary standards of excellence. Bronfman E.L. Rothschild is part of a select group of advisors who have completed this independent certification process.
According to CEFEX, its 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. Neal Simon, CEO of Bronfman E.L. Rothschild, said, “Despite uncertainty around the future of the DOL fiduciary rule, we believe the fiduciary standard underlying the rule is in the best interest of investors and believe it is right for the industry to move in that direction. Whether or not the rule is implemented, Bronfman E.L. Rothschild already adheres to the highest standards of fiduciary care, as demonstrated by our repeat CEFEX certification. We’ll continue to abide by and grow our business according to these standards.”
The CEFEX standard is based on legislation, case law and regulatory opinion letters applying 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.
About Bronfman E.L. Rothschild
Based in Rockville, Maryland, Bronfman E.L Rothschild grows and preserves wealth through thoughtful and disciplined strategies that focus on what’s most important to each client. With nine offices throughout the Midwest and East Coast, we offer comprehensive wealth management and planning to individuals and families as well as retirement advisory and consulting services to retirement plan sponsors, managing more than $4.2 billion in assets*. Our in-house research capabilities and the collective expertise of our team are supported by our collaborative, client-focused culture. Our 79 employees adhere to a high standard of fiduciary care as we seek to form a true and objective partnership with each client we serve.
*As of 9/30/16
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Bronfman E.L. Rothschild is a registered investment advisor. Securities, when offered, are offered through an affiliate, Bronfman E.L. Rothschild Capital, LLC (dba BELR Capital, LLC), member FINRA/SIPC. CEFEX assessment process is based on the international standard, ISO 19011: Guideline for quality management system auditing. The assessment is evidence based, and all work is reviewed by the CEFEX Registration Committee to ensure impartiality and consistency. The assessment typically includes document review, client file sampling, on-site visits and interviews with senior representatives at the firm. The assessment is conducted by CEFEX Analysts who must hold the Accredited Investment Fiduciary Analyst ® designation and a minimum of the ASPPA 401(k) Administrator (QKA) designation for ASPPA certifications. CEFEX Analysts maintain annual assessment training. For more on this assessment process, visit www.cefex.org