Global Best Practice
Bloomsbury Associates is proud to be the first financial adviser practice in Wellington to be independently audited and certified according to global standards of best practice.
CEFEX (Centre for Fiduciary Excellence) is an independent global assessment and certification organisation. It works closely with investment fiduciaries and industry experts to provide comprehensive assessment programs to improve risk management for institutional and retail investors. CEFEX certification helps determine whether financial advisers and other investment fiduciaries exceed minimum regulatory standards and have attained the higher standards of global best practice.
As a certifying organisation, CEFEX provides an independent recognition of a firm’s conformity to a defined Standard of Practice. It implies that a firm can demonstrate adherence to the industry's best practices, and is positioned to earn the public’s trust. This registration services investors who require assurance that their investments are being managed according to commonly accepted global best practice.
As an assessment organisation, CEFEX uses the defined Standard of Practice to provide actionable feedback on an organisation’s fiduciary practices. Assessments can be combined with expert consulting using a range of methodologies.
Why is the independent oversight required?
Investors trust is critical to firms which provide fiduciary functions and support services. Stewards of retirement plans, endowments, foundations and personal trusts are continually demonstrate proof of their integrity. Equally, investment firms and advisers also need to demonstrate that their trust is warranted.
CEFEX certification establishes transparency and accountability. You are welcome to view our Public Certification Report (PDF, 66KB) showing the assessment criteria on which Bloomsbury Associates is audited annually in order to maintain certification.