INVESTMENT ADVISOR IS CERTIFIED FOR FIDUCIARY EXCELLENCE
CEFEX, the Centre for Fiduciary Excellence, has certified, Quartz Partners Investment Management in Troy, NY to the standard described in the handbook “Prudent Practices® for Investment Advisors”. Founded in 2015, Quartz Partners Investment Management (Quartz Partners) joins the elite group of Investment Advisors (1 of only 3 in NYS) to successfully complete the ISO 19011 independent certification process.
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, “Through CEFEX’s independent assessment, the certification provides assurance to foundations and other institutions, that Quartz Partners has demonstrated adherence to the industry’s best fiduciary practices. This indicates the firm’s interests are aligned with those of stakeholders.”
Quartz Partners Investment Management is certified in pension consulting services as an ERISA 3(38) investment manager. Quartz Partners is registered at www.cefex.org, where its 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 Advisers Act of 1940, the Uniform Prudent Investor Act (UPIA), the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (UMPERSA) in the U.S.
A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Quartz Partners on-line CEFEX certificate. More information about Quartz Partners Investment Management is available at www.quartzpartners.com.
CEFEX, Centre for Fiduciary Excellence, LLC, an Fi360® company, is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX is based in Pittsburgh, PA. Connect to CEFEX via Twitter or LinkedIn.
About Quartz Partners Investment Management:
Founded in 2015, Quartz Partners is a U.S. Securities and Exchange Commission registered investment adviser. Quartz Partners is a CEFEX certified ERISA 3(38) Investment Fiduciary providing comprehensive retirement plans to organizations throughout the United States. Quartz Partners cost efficient retirement plan solutions empower greater operational flexibility and transform the way forward-thinking organizations manage their retirement plan. Quartz Partners is employee owned and based in Troy, NY. Connect to Quartz Partners via Twitter, Facebook or LinkedIn.