Petersen Hastings Earns Fiduciary Excellence Certification April 10, 2023
Petersen Hastings in Kennewick and Walla Walla, Washington is honored to announce our recertification from the Centre for Fiduciary Excellence (CEFEX), a division of Broadridge Fi360 Solutions, for the 15th straight year. This certification is only granted by CEFEX to firms that demonstrate adherence to fiduciary best practices. It is a hallmark accomplishment as it signifies conformity to a recognized global standard of fiduciary excellence.
Petersen Hastings was subject to a rigorous, multi-month audit and certification process guided by the “Prudent Practices® for Investment Advisors”, an industry-recognized handbook that is grounded in law, regulatory, and professional best practices. The CEFEX Fiduciary assessment, in detail, includes an administrative review, analyzes structure systems and reporting – where conflicts of interest may be addressed, analyzes risk and characteristics of the portfolio, and samples client deliverables. Because of adhering to these standards, advisors are better able to manage client portfolios and expectations through education, reporting, and disclosure.
“Broadridge and CEFEX are pleased to once again, include Petersen Hastings amongst an elite group of investment advisors who have demonstrated adherence to professional practices that define a standard of fiduciary excellence,” said Carlos Panksep, VP CEFEX. “They have earned the right to use the CEFEX Mark which indicates the firm’s established practices are aligned with investors’ interests and worthy of trust and confidence.”
“At Petersen Hastings, the commitment to the fiduciary standard has been and remains a fundamental part of our mission, and we are delighted to be one of the few firms in the nation to have upheld the CEFEX certification as fiduciaries for 15 consecutive years,” said Josh Beck, Chief Compliance Officer and Director of Administration. “This accomplishment is a true testament to our team’s dedication to prioritizing our clients’ interests over our own.”
About Petersen Hastings
Petersen Hastings is a fee-only, Registered Investment Advisory firm located in Kennewick and Walla Walla, WA. Originating in 1962, Petersen Hastings has continued to provide each client with a team experience through the Trusted Financial Path™ to enhance and preserve wealth. As a primary fiduciary, Petersen Hastings serves people to make a big impact in their lives by utilizing a comprehensive wealth management process that involves investment management, financial planning, and advanced estate, tax, trust, and retirement planning. Learn more at www.petersenhastings.com.
About Broadridge Fi360 Solutions and CEFEX®
Broadridge Fi360 Solutions is a fiduciary education, training, and technology organization within Broadridge, that helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors’ assets. Since 1999, the organization has provided financial professionals with the tools necessary to act as a fiduciary in their work with investors. Broadridge Fi360 Solutions is the home of the Accredited Investment Fiduciary® (AIF®) designation, the Fiduciary Focus Toolkit™, the Fi360 Fiduciary Score® and CEFEX, Centre for Fiduciary Excellence®. Learn more at www.fi360.com.