Grand Rapids Firm Earns CEFEX Fiduciary Certification

Actium LLC, provider and creator of BeManaged, earned the company certification as a Fiduciary Advisor (PPA), for its role in providing 401(k) participant advice. Actium LLC is the 13th organization in the world to earn a CEFEX (Centre for Fiduciary Excellence), and the 1st in the nation to be certified as a Fiduciary Adviser (PPA).

From the CEFEX website: A CEFEX fiduciary certification is an independent recognition of a fiduciary’s conformity to all Fiduciary Practices and criteria. It implies that a fiduciary can demonstrate adherence to the industry’s best practices, and is positioned to earn the public’s trust.

The fiduciary certification is performed by a qualified CEFEX Analyst, and reviewed by the CEFEX Registration Committee to ensure complete impartiality.

A successful certification process, as decided by the CEFEX Registration Committee, results in:
a CEFEX certificate being issued
registration on CEFEX’s public database, under Registered Firms at www.cefex.org
permitted use of the CEFEX mark in both print and web form.

Scope of Registration

The scope of registration on a CEFEX certificate is implemented using similar principles to those used by the International Organization for Standardization (ISO). The scope is an important and necessary element of a registration program because it describes the services addressed in the CEFEX assessment. Clients and prospects of CEFEX-registered firms should carefully review the scope when performing due diligence on a firm.