CEFEX Establishes Advisory Council
TORONTO, CAN, August 24, 2007 -– CEFEX, Centre for Fiduciary Excellence, LLC, is announcing today the formation of an Advisory Council, initially comprised of three experts from the US retirement industry. The council's purpose is to provide guidance for the CEFEX certification program; an independent attestation of a fiduciary's adherence to a standard set of defined practices.
The Advisory Council is comprised of:
Brian H. Graff, ESQ. APM, is the CEO and Executive Director of the American Society of Pension Professionals and Actuaries (ASPPA). Based in Washington, D.C., ASPPA is a non-profit professional organization acting on behalf of over 6,000 members to improve retirement income policy. Mr. Graff was formerly legislative counsel to the U.S. Congress Joint Committee on Taxation where he provided policy and technical analysis relating to pensions and employee benefits, health care, and Social Security to members of Congress.
Jon Lukomnik is the Managing Partner of Sinclair Capital, a strategic asset management consultancy based in New York, NY. Mr. Lukomnik, served as Deputy Controller for the City of New York, co-founded the International Corporate Governance Network, and has co-authored an award-winning book "The New Capitalists: How Citizen Investors Are Reshaping the Corporate Agenda" and numerous industry articles.
Ronald E. Hagan, AIFA, is the President and CEO of Roland Criss Fiduciary Services, a leading fiduciary consulting firm based in Arlington, Texas. Roland Criss is a provider of fiduciary risk solutions for the retirement plan industry, and conducts numerous pension-fund roundtable discussion forums across the country.
The General Manager of CEFEX, Carlos Panksep stated: "CEFEX recognizes that the retirement industry is in a continuous state of change. We established the Advisory Council to maintain a clear view on the forces which impact fiduciaries, and to ensure that the CEFEX registration remains the industry's most relevant benchmark."
Don Trone, founder and CEO of Fiduciary360 of Sewickley, PA, and a director of CEFEX , added: "The Advisory Council will ensure CEFEX provides a valuable assessment service to the industry's constituents, while ultimately improving risk management for investors."
About CEFEX
The Centre for Fiduciary Excellence, LLC. (CEFEX) is an independent certification organization. The CEFEX certification is an independent fiduciary assessment. It provides assurance to investors, both institutional and individual, that a fiduciary (Investment Steward, Advisor, or Manager) has demonstrated adherence to a standard set of practices. The annual certification program involves a detailed assessment of operational data and procedures, including on-site interviews and verification. Certified firms are registered at www.cefex.org.
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