Towson, Maryland – RCM&D, a leading independent risk management, insurance and employee benefits firm, is honored to announce our certification from the Centre for Fiduciary Excellence, LLC (CEFEX). This certification is only granted by CEFEX to firms that demonstrate adherence to fiduciary best practices. This accomplishment validates the firm’s commitment to fiduciary excellence and demonstrates a conformity to recognized global fiduciary standards.
RCM&D’s Retirement Services Division was subject to a rigorous, multi-month audit and certification process guided by the “Prudent Practices® for Investment Advisors”, an industry-recognized handbook that is grounded in law, regulation and professional best practices.
“CEFEX is pleased to add RCM&D to an elite group of investment advisors who have demonstrated adherence to professional practices that define a standard of fiduciary excellence,” said CEFEX Managing Director Carlos Panksep. “They have earned the right to use the CEFEX Mark which indicates the firm’s established practices are aligned with investors’ interests and worthy of trust and confidence.”
“We are honored to have CEFEX recognize and validate RCM&D’s commitment to helping our clients fulfill their fiduciary duty to monitor the service providers,” said Robert J.B. Kotler, RCM&D’s Retirement Services Division Leader. “Our certification with CEFEX will help our clients rest assured that they are receiving fiduciary guidance that is aligned with global standards of excellence, and ultimately safeguarding their bottom line.”
RCM&D is certified for business to business retirement program consulting for ERISA and non-ERISA plan sponsors. It serves as a co-fiduciary providing investment advisory services under ERISA section 3(21) and investment manager services under ERISA section 3(38) as an Investment Advisor Representative of Global Retirement Partners. RCM&D is registered at www.cefex.org, where its certificate can also be viewed.
CEFEX certification standards are 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 RCM&D’s online CEFEX certificate.
RCM&D, headquartered in Towson, MD, is ranked among the top independent insurance advisory firms in the United States. Our specialized teams provide strategic solutions and consulting for risk management, insurance and employee benefits. Leveraging more than 130 years of experience and strong local, national and global reach, we partner with organizations to meet all of their business objectives.
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, PA. Learn more at www.cefex.org via Twitter or on LinkedIn.