In the News

Private Advisor Group is certified for Investment Support Services

22.07.2015
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Pittsburgh, PA, July 22, 2015 – CEFEX, Centre for Fiduciary Excellence, LLC, has certified Private Advisor Group of Morristown, NJ for the provision of fiduciary Investment Support Services in adherence with a standard of excellence. Private Advisor Group (PAG) is among the first organizations globally to successfully complete this type of independent certification process.

The Prudent Practices for Investment Support Services are part of the Prudent Practices for Investment Fiduciaries series of standards published by fi360 Inc. (fi360) of Pittsburgh, PA. This global standard specifies how a firm can help investors and fiduciaries manage the overall investment management process, including 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 investors that Private Advisor Group has demonstrated adherence to the industry’s best practices.”

Private Advisor Group is certified in the role of registered investment advisor in supporting and overseeing the investment advisory activities of Investment Advisor Representatives in relation to retirement plan clients, and providing advisory agreements for their use, required insurance, bonding and oversight. Private Advisor Group currently supervises 547 advisors and over 8B in assets.

“We felt this was a logical certification for us to work towards.  We are constantly looking at, and evaluating, ways that we can be of greater service to our advisors and this fell right into our wheelhouse”. Said Patrick Sullivan, Managing Director of Private Advisor Group.

The annual certification process involves a detailed assessment of agreements and disclosures, and interviews with key personnel. The process is based on the International Organization for Standardization audit process ISO 19011. Private Advisor Group is registered at www.cefex.org where its certificate can also be viewed.

The Prudent Practices for Investment Support Services standard can be viewed by clicking on PAG’s on-line CEFEX certificate. More information on Private Advisor Group is available at: www.privateadvisorgroup.com.

View Press Release as a PDF

Media Contact
Carlos Panksep
Email: cpanksep@cefex.org
Phone: (416) 693-9733

CEFEX, Centre for Fiduciary Excellence, LLC, an 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 has offices in Pittsburgh, PA and Toronto, Canada.

fi360’s mission is to help institutions and advisors gather, grow, and protect assets through better investment and business decision-making. fi360’s capabilities include professional development, software applications, and research and practice management. fi360 is the home of the AIF® designation and the fi360 Toolkit®, and is the parent company of Ann Schleck & Co., CEFEX, and IPS AdvisorPro. For more information about fi360, please visit www.fi360.com.

Private Advisor Group (www.privateadvisorgroup.com) is today’s hybrid solution built to support successful independent financial advisors. Our unique organization is designed to provide world-class customer service, in-depth risk management and forward-thinking solutions. Advisors can expect extraordinary, personal support backed by the industry’s largest independent broker-dealer—enabling them to stay focused on their business.

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