PHOENIX (MAY 19, 2014) – Miller Russell Associates, a leading Phoenix-based independent investment and wealth management advisors, has been certified for the third consecutive year by the Centre for Fiduciary Excellence (CEFEX) to the standard “Prudent Practices for Investment Advisors.”
Miller Russell Associates was among the ﬁrst investment advisors globally to successfully complete the independent certiﬁcation process in 2012, and has earned the certification every year since. The CEFEX certiﬁcation provides further assurance that Miller Russell Associates continually demonstrates adherence to the industry’s best ﬁduciary practices.
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.
Miller Russell Associates has been certiﬁed for its provision of discretionary and non-discretionary investment management services for individuals, families, endowments, foundations, corporate clients, and ERISA retirement plan clients serving in both a 3(21) and/or 3(38) ﬁduciary role. The annual certiﬁcation process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. The firm 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), Uniform Prudent Investor Act (UPIA), Uniform Prudent Management of Institutional Funds Act (UPMIFA), and the Uniform Management of Public Employee Retirement Systems Act (MPERS) in the U.S.
For more information, please visit www.miller-russell.com.
About Miller Russell Associates
Miller Russell Associates is one of the Southwest’s largest wealth management and registered investment advisory firms (RIA), headquartered in Phoenix. Independent and partner-owned, Miller Russell Associates provides investment, wealth management and tax compliance and consulting services to individuals and families, corporate retirement plans, endowments and foundations, and sovereign nations throughout the Western United States. Miller Russell Associates currently has more than $2 billion in assets under management and employs more than 40 professional and support staff. The firm has earned the prestigious CEFEX certification, an independent assessment that recognizes that the firm adheres to the industry’s best fiduciary practices. For more information, visit miller-russell.com.