Registered Fiduciary™

Registered Fiduciary™ Since 2011

There are two categories of requirements:

  1. ERISA (Employee Retirement Income Security
    Act) and the PPA and
  2. SEC regulations related to the Investment
    Advisers Act of 1940.

The RF Certification is based on the 2010 Fiduciary Standards of the Fiduciary Standards Board and validated by Dalbar, Inc.  The Fiduciary Standards Board is a not-for-profit (501(c)(3)) organization established in September of 2000 to develop and advance standards of care for fiduciaries. The Fiduciary Standards Board is independent of any ties to the investment community and therefore positioned to be an unwavering advocate for advancing fiduciary standards throughout the industry and to the public.

Advantage to Plan Sponsors

The Registered Fiduciary™ certification process obtains and verifies all of the required information on behalf of plan fiduciaries and provides the necessary disclosures required under the PPA. This relieves the plan sponsor of the task of obtaining and verifying the disclosures on their own. Dalbar’s SEC NO ACTION LETTER permits an advisor to be pre-qualified if certain requirements are met.  In the absence of a qualified third-party providing the required information a plan sponsor is required to conduct a background check, conduct an assessment of the advisors experience, investigate their past record of service, financial results and knowledge.