Close Close

Practice Management > Compensation and Fees

Fiduciary First

Your article was successfully shared with the contacts you provided.

The pension plan of Rockford, Illinois-based Savant Capital Management, is the first in the U.S. to be certified by the Centre for Fiduciary Excellence (CEFEX), based in Toronto. The criteria for certification include “22 fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses,” as well as manager selection, and risks–both within the portfolio, and operational–are considered, according to a July 18 announcement.

“Certification provides assurance to plan participants and constituents that Savant has demonstrated adherence to the industry’s fiduciary best practices,” Carlos Panksep, general manager of CEFEX, says in the announcement. The plan has about $3 million in assts, and approximately 50 employees participate.

“The fiduciary practices are based on the Fiduciary360 publication, Prudent Practices for Investment Stewards,” according to Don Trone, Pittsburgh-based Fiduciary360′s CEO and founder.

For more information on standards for fiduciary excellence, please go to:


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.