Bronfman Rothschild Receives CEFEX Certification for Third Year in a Row
Madison, WI and Rockville, MD, February 9, 2018 — Bronfman Rothschild today announced that, for the third year in a row, the Centre for Fiduciary Excellence (CEFEX) has certified the firm’s Plan Advisor team to its fiduciary standards of excellence. Bronfman Rothschild Plan Advisors is part of a select group who has completed this independent certification process, with only three CEFEX certified firms in the state of Wisconsin and one of only four CEFEX certified firms in the Washington, D.C. metropolitan area. The firm’s Plan Advisor group oversees $2.2 billion of Bronfman Rothschild’s $6.1 billion in assets under management*.
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.
Michael LaMena, President and COO of Bronfman Rothschild, said, “We are focused on staying ahead of the anticipated DOL Fiduciary Rule and believe that adhering to the CEFEX standard—Fiduciary Rule or not—is in the best interest of our clients. We hold our firm and our advisors to the highest fiduciary standards and are proud to be among an elite group of advisory firms that has passed CEFEX’s rigorous certification process.”
The CEFEX standard is based on legislation, case law and regulatory opinion letters applying the Employee Retirement Income Security Act (ERISA) and the Investment Advisers Act of 1940, among others. A full copy of the standard can be found at www.cefex.org.
About Bronfman Rothschild
Based in Rockville, Maryland, Bronfman Rothschild grows and preserves wealth through thoughtful and disciplined strategies that focus on what’s most important to each client. With ten 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. Our in-house research capabilities and the collective expertise of our team are supported by our collaborative, client-focused culture. Our 90 employees adhere to a high standard of fiduciary care as we seek to form a true and objective partnership with each client we serve.
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*As of 12/31/17
Bronfman E.L. Rothschild is a registered investment advisor (dba Bronfman Rothschild and Bronfman Rothshcild Plan Advisors). 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