Chicago, IL (PRWEB) April 29, 2015
Blue Prairie Group (“BPG”), a Chicago-based institutional retirement, wealth management and investment consulting firm, is pleased to announce its recent CEFEX (Centre for Fiduciary Excellence) Certification. BPG joins an elite group of Investment Advisors to successfully complete the independent certification process.
The CEFEX 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.
“Through CEFEX’s independent assessment, the certification provides assurance to investors, both institutional and individual, that Blue Prairie Group has demonstrated adherence to the industry’s best fiduciary practices,” says Carlos Panksep, General Manager of the Centre for Fiduciary Excellence. “Blue Prairie’s interests are aligned with those of the investor.”
Blue Prairie Group has been certified to provide discretionary 3(38) investment advisory and non-discretionary consulting services to retirement plan clients. The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel.
Ty Parrish, Managing Partner at Blue Prairie Group said, “We’re honored to receive this certification because it formalizes something that we’ve know internally all along; BPG’s internal investment processes which serve as the backbone to our proprietary Fiduciary-based Investment Consulting™ process adhere to the industry’s highest standard, the Global Fiduciary Standard of Excellence. And, unlike brokers who operate under a lower ‘suitability’ standard, Blue Prairie has always acted in the best interest of its clients - and the CEFEX certification formalizes this.”
More information about Blue Prairie Group is available on their website at http://www.blueprairiegroup.com.