Bringing you live news and features since 2006 

Bloomsbury Wealth awarded CEFEX standard for fiduciary distinction


Bloomsbury Wealth, a London-based branch of Raymond James Investment Services Ltd, has become one of only three UK wealth management practices to be awarded a CEFEX standard for fiduciary distinction.

CEFEX, the Centre for Fiduciary Excellence, LLC, is an Fi360 company which assesses firms’ adherence to industry standards. Bloomsbury Wealth was certified against the “Prudent Practices for Investment Advisors” standard, which relates to how investment advisory firms assume responsibility for managing a client’s overall investment management process including the selection, monitoring and de-selection of investment managers, and the development of processes to implement investment strategies and fiduciary practices on an ongoing basis. 
The certification is a sign of Bloomsbury’s market-leading excellence in the area. Bloomsbury is joining an elite group of investment advisers across the globe who have successfully completed the independent certification process.
Carlos Panksep, General Manager, CEFEX, says: “Through CEFEX’s independent assessment, the certification provides assurance to investors that Bloomsbury Wealth has demonstrated adherence to the industry’s best fiduciary practices. This indicates that their interests are aligned with those of investors.”
Robert Lockie, one of the Branch Principals at Bloomsbury Wealth, adds: “We are delighted to have achieved the CEFEX certification as it demonstrates that we have met an independently verified standard that has so far been awarded to only two other UK firms. It is a welcome recognition after the years of hard work put in by all members of our team to deliver a high standard of service to our clients that we do what we have always said we do.”

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by