Investment Advisor is Certified for Fiduciary Excellence

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Centurion Group, of Plymouth Meeting, PA, joins the elite group of Investment Advisors to be recognized by The Centre for Fiduciary Excellence in receiving the prestigious CEFEX Certification. Centurion has demonstrated that it has the best fiduciary practices in place while providing investment advisory, plan consulting and fiduciary services to retirement plan sponsors.

CEFEX, the Centre for Fiduciary Excellence, LLC, has certified The Centurion Group, LLC, of Plymouth Meeting, PA (Centurion) to the standard described in the handbook “Prudent Practices for Investment Advisors”. Centurion joins the elite group of Investment Advisors to successfully complete the 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 General Manager of the Centre for Fiduciary Excellence, Carlos Panksep, “Through CEFEX’s independent assessment, the certification provides assurance to retirement plan sponsors that Centurion has demonstrated adherence to the industry’s best fiduciary practices. This indicates that Centurion’s interests are aligned with those of its clients, their employees and plan participants.”

Centurion has been certified for ERISA DC & non-qualified deferred compensation plans. The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. Centurion is registered at http://www.cefex.org, where its certificate can also be viewed.

“Centurion is proud to be recognized by the Centre for Fiduciary Excellence,” says Jim Hageney, Managing Partner at Centurion. “We are structured in a way that allows our independence and fiduciary process to be the anchor for all of our decisions. I feel that this recognition demonstrates our commitment to our clients, their employees and the goal of providing better retirement outcomes.”

The standard is substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisor’s Act of 1940, Uniform Prudent Investor Act (UPIA), Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (MPERS) in the U.S.

A full copy of the standard can be downloaded from CEFEX at http://www.cefex.org and a summary can be viewed by clicking on Centurion’s on-line CEFEX certificate. More information about Centurion is available at http://www.centuriongroupllc.com.

About CEFEX:
CEFEX, Centre for Fiduciary Excellence, LLC 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.

About Centurion Group:
Centurion Group is a privately owned, SEC-registered investment advisory and consulting firm, dedicated solely to the retirement plan marketplace. Centurion provides investment advisory, plan consulting and fiduciary services to retirement programs sponsored by corporations, not-for-profit organizations and governmental entities.

For More information about Centurion Group, contact Bob Gibson: rgibson(at)centuriongroupllc(dot)com

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Robert Gibson
Centurion Group
+1 610-834-0401 Ext: 115
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