Chicago, IL – April 29, 2015 – Blue Prairie Group (“BPG”), a Chicago-based institutional retirement, wealth management and investment consulting firm, is pleased to announce its recent CEFEX (Centre for Fiduciary Excellence) Certification. BPG joins an elite group of Investment Advisors to successfully complete the independent certification process.
The CEFEX standard describes how an Investment Advisor assumes the responsibility for managing a client’s overall investment management process, which includes the selection, monitoring and deselection of investment managers, as well as developing processes to implement investment strategies and fiduciary practices on an ongoing basis.
“Through CEFEX’s independent assessment, the certification provides assurance to investors, both institutional and individual, that Blue Prairie Group has demonstrated adherence to the industry’s best fiduciary practices,” says Carlos Panksep, General Manager of the Centre for Fiduciary Excellence. “Blue Prairie’s interests are aligned with those of the investor.”
Blue Prairie Group has been certified to provide discretionary 3(38) investment advisory and nondiscretionary consulting services to retirement plan clients. The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel.
Ty Parrish, Managing Partner at Blue Prairie Group said, “We’re honored to receive this certification because it formalizes something that we’ve known internally all along; BPG’s internal investment processes which serve as the backbone to our proprietary Fiduciary-based Investment Consulting™ process adhere to the industry’s highest standard, the Global Fiduciary Standard of Excellence. And, unlike brokers who operate under a lower ‘suitability’ standard, Blue Prairie has always acted in the best interest of its clients – and the CEFEX certification formalizes this.”
A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Blue Prairie Group’s on-line CEFEX certificate. More information about Blue Prairie Group is available on their website at www.blueprairiegroup.com.
CEFEX, Centre for Fiduciary Excellence, LLC 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 has offices in Pittsburgh, PA and Toronto, Canada.
About Blue Prairie Group
Blue Prairie Group is a fee-only investment consulting firm headquartered in Chicago. We provide unbiased and objective financial consulting through our three main practice areas: ERISA Retirement, Foundations & Endowments, and Wealth Management. We act as fiduciaries to all of our clients’ portfolios and are remunerated solely by our clients. BPG passionately advocates low cost investments, full fee transparency, and offers a broad service suite for both institutions and individuals. Like any good neighbor, we contribute to the communities we live in, and for us this means giving 5% of our pre-tax profit to local charitable organizations.
For more information, please contact Matthew Gnabasik at 312-376-8435 or go to www.blueprairiegroup.com.