Shadforth receives international fiduciary certification

11 August 2020
| By Chris Dastoor |
image
image
expand image

Private wealth advice firm Shadforth Financial Group has been awarded the international fiduciary certification by the Centre for Fiduciary Excellence (CEFEX). 

CEFEX is an international, independent assessment body for the financial advice industry, recognised globally. 

Terry Dillon, Shadforth chief executive, said advice relationships were fiduciary in nature and were based on a foundation of trust.  

“This is so important because in most cases our clients are entrusting us with the management of their total balance sheets and consequently their financial futures,” Dillon said. 

To be a fiduciary meant it was bound by the highest standards and had to commit to three primary duties: 

  • Client Best Interest – always put clients’ interests ahead of all others; 
  • Conflict Management – inevitable conflicts must be either avoided or managed in favour of clients; and 
  • Professional Competence – acting as a prudent professional with the requisite commitment to ethical behaviour, education and qualifications, experience, skill, diligence, transparency, and a proven repeatable investment process. 

Carlos Panksep, CEFEX managing director, said: “CEFEX’s independent assessment provides assurance to high net worth clients that Shadforth has demonstrated adherence to the industry’s best fiduciary practices.” 

The assessment included a review of the firm’s business, processes, investment approach and client files, and was subject to independent review each year. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

18 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 3 days ago