Accreditation-AIF
Overview
Simply
put, the term “fiduciary” applies to the more than five million
individuals and institutions that have the legal responsibility for managing
someone else’s money. A fiduciary is required by law to always act
in the best interests of their client, beneficiary, or retirement plan participant.
Yet, many fiduciaries are not even aware of their duties and responsibilities.
In our current environment, fiduciary responsibility has become an extremely
important, but confusing issue and the scrutiny the fiduciary undergoes is
only going to rise.
Fiduciary Resources, Inc., has acquired a thorough knowledge of fiduciary responsibility and can be an invaluable resource available to investment fiduciaries and individual investors alike.
Don’t risk going at it
alone, Fiduciary Resources, Inc. has the accredited personnel and training
necessary to ensure that your investment management
process is managed to an appropriate fiduciary standard of care.
Training
Fiduciary Resources, Inc., through its principal, Mr. Phillip Mendiola-Long, has successfully completed a specialized program on investment fiduciary standards of care at the Center for Fiduciary Studies. The Center, in association with the University of Pittsburgh Joseph M. Katz Graduate School of Business, was established in 1999 to provide the investment industry with the first full-time training and research facility focused exclusively on investment fiduciary responsibility and portfolio management.
Mr. Mendiola-Long has completed the Center for Fiduciary Studies Standards Course in February 2002, completed the Center for Fiduciary Studies Accredited Investment Fiduciary Program in February 2003 and then passed a comprehensive examination and agreed to abide by the 27 Prudent Investment Practices that formed the basis of his training.
Fiduciary Resources, Inc., through its lead principal, Mr. Menidola-Long is also required to strictly adhere to continuing professional education requirements which keep the firm and him abreast of recent events in the industry that are affecting every fiduciary.
Mr. Mendiola-Long has been an
Accredited Investment Fiduciary™ since
March 1st, 2003.
Prudent Investment Process
The 27 Practices that Fiduciary Resources, Inc., follows has been fully substantiated by legislation, case law, and regulatory opinion letters that govern the fiduciary. “Prudent Investment Practices”, the published handbook that describes these Practices, was co-produced by the Center for Fiduciary Studies and the American Institute of Certified Public Accountants (AICPA). Following these practices will ensure the investment process is managed to a fiduciary standard of care. Each of the Practices also makes good investment sense, and utilizing the process they define should help to improve long term investment performance.
More Information
For more information on the AIF™ and AIFA™ designations or to
identify and contact a designee, please visit the Center
for Fiduciary Studies.