PHOENIX (MARCH 27, 2013) – Miller/Russell & Associates, a Phoenix-based registered investment adviser providing wealth management, investment management and tax compliance and consulting services, has been certified for the second year by the Centre for Fiduciary Excellence (CEFEX) to the standard “Prudent Practices for Investment Advisors.”
Miller/Russell was among the ﬁrst investment advisors globally to successfully complete the independent certiﬁcation process last year, and has been re-certified in 2013. The CEFEX certiﬁcation provides further assurance that Miller/Russell 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 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. Miller/Russell 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 is one of the Southwest’s largest wealth management and registered investment advisory firms with offices in Arizona and Nevada. Headquartered in Phoenix since 1991, the firm employs 40 professionals and support staff. Miller/Russell 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. Additional information about Miller/Russell can be found at www.miller-russell.com.