SOURCE: Halbert Hargrove

FiComm Partners

February 09, 2015 12:32 ET

Halbert Hargrove Achieves CEFEX Recertification for Fiduciary Excellence

One of Only Sixty-Six Financial Advisory Firms Worldwide to Receive Certification; 5th Straight Year Halbert Hargrove Has Received the CEFEX Certification

LONG BEACH, CA--(Marketwired - February 09, 2015) - Long Beach-based wealth advisory firm, Halbert Hargrove, has achieved certification from the Centre for Fiduciary Excellence (CEFEX), under the Investment Advisory Firm category. This year marks the fifth in a row that the firm has achieved CEFEX certification, having been recognized once again for demonstrating adherence to the industry's best practices and earning the public's trust.

Halbert Hargrove is one of only 66 investment advisory firms worldwide to receive CEFEX certification, which is based on the international standard, ISO 19011 guideline for quality management system auditing. The assessment uses a strict process, which includes document review, client file sampling, on-site visits, a background check and interviews with senior representatives at the firm, to determine which advisory firms adhere to the strict fiduciary standards and unwavering advisor professionalism. According to CEFEX assessment standards, financial advisory firms and their advisors must:

  1. Know standards, laws and trust provisions
  1. Diversify assets to specific risk/return profile of the client
  1. Prepare an investment policy statement
  1. Use prudent experts and document due diligence
  1. Control and account for investment expenses
  1. Monitor the activities of prudent experts
  1. Avoid prohibited transactions and avoid or manage conflicts of interest in favor of the client

"This recertification is a testament to our firm's unyielding commitment to being not just another financial advisor, but a true partner to our clients," said JC Abusaid, president and chief operating officer at Halbert Hargrove. "In basic terms, the CEFEX certification is an indicator of trust, and at the end of the day that is the most important qualification any advisory firm can earn." 

For more information about Halbert Hargrove, visit http://www.halberthargrove.com

About Halbert Hargrove

Halbert Hargrove Global Advisors, LLC, is a fiduciary investment management and wealth advisory firm that provides investment management, wealth advisory, financial planning, and consulting services to individuals, families, charitable organizations, and trusts. Founded in 1933, Halbert Hargrove is headquartered in Long Beach, CA, and has $4.08B assets under management. For more information on Halbert Hargrove, including important disclosures relating to the 2014 rankings, please visit www.halberthargrove.com

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