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ProCourse Renews CEFEX Certification

Investment Advisor Renews Certification for Fiduciary Excellence


CEFEX, the Centre for Fiduciary Excellence, LLC, has renewed the certification of ProCourse Fiduciary Advisors of Carmel, IN to the standard described in the handbook “Prudent Practices for Investment Advisors”. ProCourse Fiduciary Advisors (ProCourse) remains part of an elite group of investment advisory firms which are certified in this global program.


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, “Maintaining certification requires a continued adherence to the industry’s best practices. This is verified through our annual renewal assessment.”


ProCourse is certified for investment advisory services to defined benefit and defined contribution plans, both qualified and non-qualified. ProCourse is registered at www.cefex.org/advisor, where the firm’s certificate can also be viewed. 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 ww.cefex.org/advisor and a summary can be viewed by clicking on ProCourse’s on-line CEFEX

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