Is the investment advice you are receiving really in your best interests? Unless your advisor understands and follows a fiduciary process, you can’t really be sure. Even those investment professionals who are required to act as fiduciaries might not have the experience or training to prepare them for this enormous responsibility.
Experience. Designees are required to provide documented industry and educational experience to qualify for the designation.
Education. Designees must complete the Accredited Investment Fiduciary® (AIF®) Designation Training, which covers the Prudent Practices® for managing fiduciary assets for wealth, nonprofit and retirement clients.
Examination. Designees must pass an examination to prove comprehension of the Prudent Practices® and ability to act in the best interest of clients.
Ethics. Designees adhere to a Code of Ethics and Conduct Standards that show a commitment to a higher degree of industry professionalism.
Continuing Education. Designees commit to keeping their knowledge and skills sharp by completing annual continuing education requirements.
• Creating and maintaining a comprehensive investment plan, strategy or policy statement that documents the processes and procedures that will be used to manage the plan/portfolio.
• Analyzing and optimizing asset allocation strategies and investment menus.
• Applying objective standards for evaluating and recommending appropriate investment options and products.
• Monitoring and reporting plan/portfolio performance.
• Evaluating a client’s current fiduciary practices and recommending actions to help mitigate compliance and litigation risks.
• Understanding their important fiduciary roles, responsibilities and obligations with more confidence.