INVESTMENT ADVISOR IS CERTIFIED FOR FIDUCIARY EXCELLENCE
PITTSBURGH, JUNE 9, 2020 – CEFEX, the Centre for Fiduciary Excellence, LLC, an Fi360® company, has certified Romero Wealth Management to the standard described in the handbook “Prudent Practices® for Investment Advisors”. The advisors of Romero Wealth Management (Romero) join a select group of Investment Advisors to successfully complete the independent certification process.
The standard describes how an Investment Advisor assumes the responsibility for managing a client’s overall investment management process, which includes the selection, monitoring and de-selection of investment managers, as well as developing processes to implement investment strategies and fiduciary practices on an ongoing basis. According to the General Manager of the Centre for Fiduciary Excellence, Carlos Panksep, “Through CEFEX’s independent assessment, the certification provides assurance to retirement plans, that Romero has demonstrated adherence to the industry’s fiduciary best practices. This indicates the firm’s interests are aligned with those of investors.”
Advisors of Romero Wealth Management are certified to offer advisory services through the LPL Retirement Plan Consulting Program (RPCP). Romero Wealth Management is registered on this public page, where its certificate can also be viewed.
The standard is substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisers Act of 1940, the Uniform Prudent Investor Act (UPIA), the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (UMPERSA) in the U.S.
A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Romero’s on-line Independent Assessment Report. More information about Romero Wealth Management is available at www.romerowm.com.