CLEVELAND, OHIO – (OCTOBER 2022) – 401(k) Prosperity®, a division of Planned Financial Services in Cleveland, Ohio is honored to announce that CEFEX, the Centre for Fiduciary Excellence, a division of Broadridge Fi360 Solutions, has renewed 401(k) Prosperity’s certification to the standard described in the handbook “Prudent Practices® for Investment Advisors.” 401(k) Prosperity remains part of an elite group of Investment Advisors to successfully complete the global 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 Vice President, Centre for Fiduciary Excellence, Carlos Panksep, “Maintaining certification requires a continued adherence to the industry’s best practices. This is verified through our annual renewal assessment.”
“This certification not only sets us apart from our industry peers, but it also provides further assurance to the plan sponsors and plan participants we support that our interests are aligned with theirs as we seek to help American workers retire on their schedules with the money they need to live the life they desire,” said Frank Fantozzi, CPA, MST, PFS, CDFA, AIF®, CEPA, President and Founder of Planned Financial Services and 401(k) Prosperity.
401(k) Prosperity is certified for retirement plan services including 401(k)/profit sharing and cash balance plans as an Investment Advisor Representative within the LPL Retirement Plan Consulting Program (RPCP). 401(k) Prosperity’s certification is registered and can be viewed at cefex.org/advisor/. 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 Model Management of Public Employee Retirement Systems Act (MMPERSA) in the U.S.
A full copy of the standard can be downloaded from CEFEX at cefex.org and a summary can be viewed by clicking on 401(k) Prosperity’s on-line Independent Assessment Report. More information about 401(k) Prosperity is available at 401kProsperity.com.
About Planned Financial Services and 401(k) Prosperity
Planned Financial Services is an independent financial planning and wealth management firm located in Cleveland, Ohio that employs a team approach to providing individuals, families, and businesses access to a full suite of financial, advisory, investment, Personal CFOTM , Complete Family Office (CFO)® and business exit planning services. The Registered Investment Advisor (RIA) has had a strong presence in Northeast Ohio since 1994 and advises clients in multiple states. The firm’s experienced team of wealth advisors is committed to helping clients improve their Return on Life® through insightful analysis and proactive advice that is personalized, relevant and actionable. For more information about PFS, please visit PlannedFinancial.com.
401(k) Prosperity, the firm’s corporate retirement planning and institutional investment management division, focuses on best-in-class retirement plan fiduciary and investment oversight. 401(k) Prosperity seeks to create Simplicity in a Complex World® through an approach that transcends mechanical solutions and traditional methodologies to bring a distinctly human touch to retirement planning that leads to genuine understanding, enthusiasm, and motivation on the part of plan participants. To learn more, please visit 401kProsperity.com.
About Broadridge Fi360 Solutions:
Broadridge Fi360 Solutions is a fiduciary education, training, and technology organization within Broadridge, that helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors’ assets. Since 1999, the organization has provided financial professionals with the tools necessary to act as a fiduciary in their work with investors. Broadridge Fi360 Solutions is the home of the Accredited Investment Fiduciary® (AIF®) designation, the Fiduciary Focus Toolkit™, the Fi360 Fiduciary Score® and CEFEX, Centre for Fiduciary Excellence®. Learn more at www.fi360.com, via Twitter or on LinkedIn.
Broadridge Fi360 and Planned Financial Services are separate, unaffiliated entities.
Securities and Retirement Plan Consulting Program advisory services offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC.
Investment advice and financial planning offered through Planned Financial Services, a Registered Investment Advisor, and separate entity from LPL Financial.