The CEFEX certificate requires that advisors undergo annual fiduciary assessments conducted by the program’s expert analysts to ensure they are upholding fiduciary standards and that practices are in place in order to achieve cultural excellence, supported by documented and structured processes. The CEFEX Fiduciary assessment, in detail, includes administrative review, analyzes structure systems and reporting – where conflicts of interest may be addressed, analyzes risk and characteristics of the portfolio, and samples client deliverables. Because of this, advisors are better able to manage client portfolios and expectations through education, reporting, and disclosure.
“CEFEX is pleased to once again, include Petersen Hastings amongst 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 indicated the firm’s established practices are aligned with investors’ interests and worthy of trust and confidence.”
“Embracing the fiduciary standard has been and continues to be a pillar of the Petersen Hastings mission, and we are excited to be one of the few firms in the country that have been CEFEX certified as fiduciaries for over ten years,” said Matthew Petersen, Chief Compliance Officer. “We have been able to achieve this through our entire team’s dedication to putting the interest of our clients ahead of our own.“
Petersen Hastings is a Registered Investment Advisor located in Kennewick, WA. As a primary fiduciary, Petersen Hastings serves committed investors with complex financial needs. Our multigenerational team of experienced and credentialed professionals delivers innovative solutions through The Trusted Financial PathTM to enhance and preserve wealth.
For additional information contact Scott Sarber at 509-735-0484 or firstname.lastname@example.org.