CLEVELAND, OHIO – (November 2018) - 401(k) Prosperity®, a division of Planned Financial Services in Cleveland, Ohio 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. It is a hallmark accomplishment for 401(k) Prosperity® as it signifies conformity to a recognized global standard of fiduciary excellence.
401(k) Prosperity® 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 401(k) Prosperity® 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.”
Frank Fantozzi, CPA, MST, PFS, CDFA, AIF®, President and Founder of Planned Financial Services and 401(k) Prosperity® said, “This certification 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 pursue the individual Return on Life® they seek, which includes helping them retire on their schedules with the money they need to live the life they desire.”
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 www.cefex.org.
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 401(k) Prosperity’s online CEFEX certificate.
About 401(k) Prosperity®
401(k) Prosperity® seeks to create Simplicity in a Complex WorldTM 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. 401(k) Prosperity® is the corporate retirement planning and institutional investment management division of Planned Financial Services, an Ohio-based, independent financial planning and wealth management firm with offices in Brecksville and Beachwood, Ohio. The firm has had a strong presence in Northeast Ohio since 1994, advises clients in 30 states, and employs 10 team members. Additionally, the firm provides individuals, families, and businesses access to a full suite of financial, advisory and investment services to help improve their Return on Life® through proactive financial and investment advice that is relevant, objective, and actionable—an approach that combines insightful analysis along with personalized financial strategies and objective investment advice. For additional information about 401(k) Prosperity®, please visit www.401kProsperity.com.
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.
401(k) Prosperity, Planned Financial Services and CEFEX are separate entities from LPL Financial.