top of page
  • ProCourse

REINFORCING OUR FIDUCIARY PROCESSES


ProCourse’s CEFEX Certification has been renewed for yet another year!


We wanted to share news of the important recognition of our commitment to fiduciary excellence and continuous improvement. CEFEX certification is yet another way we tangibly demonstrate that serving our clients’ best interests is our highest priority.


Our firm was founded on the principles of integrity, professionalism and exceptional client service. We are also deeply committed to continuous improvement. Our dedication to doing what is best for you, our clients, prompted us to engage CEFEX, the Centre for Fiduciary Excellence, of Broadridge Fi360 Solutions, to audit our processes.


Background

In 2013, we contacted the CEFEX organization and requested an independent analyst provide us with a comprehensive independent review. The process is rigorous, and their assessment takes months to complete. We go through this audit and their evaluation of our procedures each year. ProCourse is proud to renew our CEFEX certification for yet another year.

This certification signifies our commitment to uphold the highest level of fiduciary care and that has a direct impact on you, your plan and your employees. As a plan sponsor, the Department of Labor (DOL) identifies the following as your fiduciary responsibilities:

  • Act solely in the interest of plan participants and their beneficiaries and with the exclusive purpose of providing benefits to them;

  • Act prudently in the faithful performance of all duties;

  • Follow the plan documents (unless inconsistent with ERISA);

  • Diversify plan investments; and

  • Pay only reasonable plan expenses. [1]

By working with ProCourse, you can rest assured that our actions align with these responsibilities; our prudent process aims to help you limit liability and build a retirement plan that strives to improve retirement outcomes.


CEFEX is an independent global assessment and certification organization. It works with industry experts to provide comprehensive assessment programs designed to improve the fiduciary practices of investment advisors, stewards (retirement plans, foundations and endowments, etc.), investment managers, and other financial service providers. CEFEX confers a formal certification for those firms that are willing to undergo an independent audit and able to demonstrate that they fully conform to high standards which are substantiated in case law and fiduciary best practices.


At ProCourse we follow well-defined processes, grounded in best practices, so that we can make sound, objective, and consistent decisions in service to our clients. CEFEX certification offers testament to the fact that we understand the importance of paying close attention to everything from high level strategies and policies all the way down to the details of our business practices. The CEFEX Mark seeks to make our clients confident that we are worthy of their trust.


For more information about ProCourse, please contact us at hello@procourseadv.com.





About CEFEX®:

CEFEX®, Centre for Fiduciary Excellence, a division of Broadridge Fi360 Solutions, 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. Learn more at www.cefex.org.


CEFEX and ProCourse are separate, unaffiliated entities. ProCourse Fiduciary Advisors, LLC (“ProCourse ”) is an SEC-registered investment adviser located in Indianapolis, Indiana. The information in this document should not be construed, in any manner whatsoever, as a substitute for personalized individual advice from ProCourse. Any subsequent, direct communication by ProCourse with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption from registration in the state where the prospective client resides. Information pertaining to the registration status of ProCourse is available on the U.S. Securities & Exchange Commission’s website at www.adviserinfo.sec.gov. This document and any graphic image, data, and other non-text based materials contained herein are proprietary to ProCourse and/or third parties. Any unauthorized use of the ProCourse Fiduciary Advisors, LLC name (or any variation thereof), or the graphic images and data contained in this document is prohibited.

[1] Department of Labor. “Meeting Your Fiduciary Responsibilities.” DOL.gov. Sept. 2017

bottom of page