Retirement Plan Services Group of Elliott Davis Investment Advisors among First Globally to be Certified for Fiduciary Excellence
CHARLOTTE, N.C. and GREENVILLE, S.C., Sept. 28, 2011 – The Retirement Plan Services Group (RPSG) of Elliott Davis Investment Advisors is pleased to announce that it has been certified by the Centre for Fiduciary Excellence (CEFEX), LLC to the standard described in the handbook “Prudent Practices for Investment Advisors.”
The RPSG of Elliott Davis Investment Advisors is among the first investment advisory firms globally to successfully complete this independent certification process, which focuses on how an investment advisor assumes the responsibility for managing a client’s overall investment management process, including the selection, monitoring and de-selection of investment managers, as well as developing processes to implement investment strategies and fiduciary practices on an ongoing basis.
According to the General Manager of the Centre for Fiduciary Excellence, Carlos Panksep, “Through CEFEX’s independent assessment, the certification provides assurance to investors, both institutional and individual, that the RPSG of Elliott Davis Investment Advisors has demonstrated adherence to the industry’s best fiduciary practices. This indicates that the group’s interests are aligned with those of investors.”
The scope of certification addresses the Employee Retirement Income Security Act (ERISA) plan investment selection and monitoring process for the ERISA plans under advisement by the RPSG led by Ken Vilcheck, AIF®. The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. Elliott Davis Investment Advisors’ RPSG is registered at http://www.cefex.org, where its certificate can also be viewed.
The standard is substantiated by legislation, case law and regulatory opinion letters from ERISA, Uniform Prudent Investor Act (UPIA), Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (MPERS) in the U.S.
About the Retirement Plan Services Group of Elliott Davis Investment Advisors
The Retirement Plan Services Group (RPSG) of Elliott Davis Investment Advisors provides financial services to our clients as independent, objective investment advisors. The group assists employee benefit plan fiduciaries and sponsors through a defined process that includes: development of investment policy; selection and review of investment options; updates on new regulations and potential legislation, as well as new features available to the plan; disclosure, evaluation, and documentation of all provider fees; and maintenance of due diligence files. For more information, visit http://www.ediadvisors.com.
About CEFEX
CEFEX, Centre for Fiduciary Excellence, LLC is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX has offices in Toronto, Canada, and Pittsburgh, P.A.
How will potential tax and legislative changes affect my investment, tax and retirement planning?
EDIA is hosting their Client Appreciation event which features CNBC’s tax and legal expert, Andrew Friedman, to find out the answer to this question and more!
Event Details:
Wednesday, September 14th
5:30pm – 7:15pm
Embassy Suites Hotel
670 Verdae Boulevard
5:30 Heavy Hors D’oeuvres and Cocktails
About the Speaker: Andrew Friedman
As one of CNBC’s most sought-after financial experts, Friedman offers analytical, nonpartisan information which provides insights that are often avoided by the talking heads. Friedman is extensively quoted by publications such as the Wall Street Journal and his tax expertise has proved to be indispensable for the National Basketball Association, the National Football League, Major League Baseball and the National Hockey League. Friedman was previously a senior partner with the law firm Covington & Burling in Washington, D.C. for almost thirty years.
How will potential tax and legislative changes affect my investment, tax and retirement planning?
EDIA is hosting their Client Appreciation event which features CNBC’s tax and legal expert, Andrew Friedman, to find out the answer to this question and more!
Event Details:
Wednesday, September 14th
5:30pm – 7:15pm
Embassy Suites Hotel
670 Verdae Boulevard
5:30 Heavy Hors D’oeuvres and Cocktails
About the Speaker: Andrew Friedman
As one of CNBC’s most sought-after financial experts, Friedman offers analytical, nonpartisan information which provides insights that are often avoided by the talking heads. Friedman is extensively quoted by publications such as the Wall Street Journal and his tax expertise has proved to be indispensable for the National Basketball Association, the National Football League, Major League Baseball and the National Hockey League. Friedman was previously a senior partner with the law firm Covington & Burling in Washington, D.C. for almost thirty years.
For more information, please contact Kari Kertis at kkertis@ediadvisors.com.
Elliott Davis, LLC and Elliott Davis Investment Advisors will be teaming up to bring together women in the Greenville community!
Women, Wisdom & Wealth: A Journey to Achieving Savvy Financial Confidence
Planning for Long Term Care Costs & Insurance Coverage
@ Elliott Davis, LLC
200 East Broad Street
Greenville, SC 29601
5:00pm Wine & Cheese Reception
5:30pm Long Term Care Program
Topics related to Long Term Care are aimed to help you:
- Understand long term care and associated costs
- Discuss if Medicare will pay for long term care expenses
- Lear alternative solutions for long term care insurance
- Explore options if you do not qualify for long term care insurance
For more information, please contact Ashley Foster at .(JavaScript must be enabled to view this email address).
Elliott Davis, LLC and Elliott Davis Investment Advisors will be teaming up to bring together women in the Greenville community!
Tuesday, May 10th at Elliott Davis, LLC
200 East Broad Street
Greenville, SC 29606
5:00pm Wine & Cheese Reception
5:30pm Social Security Program
Topics related to Social Security are aimed to help you:
- Decide when to apply
- Minimize taxes on benefits
- Coordinate benefits with your spouse
- Expose little known rules for maximizing benefits
- Understand divorced spouse and survivor benefits
For more information, please contact Mei Au at mau@ediadvisors.com.
For more information, please contact Kari Kertis at {encode=“kkertis@ediadvisors.com” title=“kkertis@ediadvisors.com”}.
Elliott Davis, LLC and Elliott Davis Investment Advisors are teaming up to bring together women in the Greenville community. We will be discussing the various aspects involved in your journey to achieving savvy financial confidence.
Topics will include:
Legal Issues & Planning
Net Worth & Protection
Tax Planning & Budgeting
Tuesday, February 8th at Thornblade Club
Lunch 11:30am – 1:00pm
OR…
Thursday, February 10th at Poinsett Club
Dinner 6:00pm – 7:30pm
For more information, please contact Mei Au at mau@ediadvisors.com.
Elliott Davis Investment Advisors Ranked Among Top 100 RIA Firms
GREENVILLE, S.C., Sept. 15, 2010 – Elliott Davis Investment Advisors is pleased to announce its ranking of No. 99 on Financial Advisor magazine’s annual list of Registered Investment Advisor (RIA) firms, ordered by assets under management (AUM).
Among the Top 100 of the 456 firms listed, Elliott Davis Investment Advisors saw a 57 percent growth in assets, as noted in the rankings which were published in June 2010.
“We have our clients to thank for our continued growth and success in the Southeast,” said Philip Brice, managing partner for Elliott Davis Investment Advisors. “We have benefitted from the market’s demand for advisors who are highly-experienced, independent and objective.”
Among Elliott Davis Investment Advisors’ professionals are certified public accountants, accredited investment fiduciaries, certified financial planners and chartered financial analysts. The firm is an affiliate of Elliott Davis, LLC, one of the largest accounting, tax and consulting services firms in the Southeast.
Gary Shuford, AIF, CRSP Authors Article for Greater Charlotte Biz magazine
The September issue of Greater Charlotte Biz magazine featured articles by Elliott Davis Investment Advisors’ retirement plan advisor Gary Shuford, AIF, CRSP and Elliott Davis tax senior manager Marguerite Hardy, CPA. Shuford’s article “DOL Issues New Disclosure Rules – What do they mean for you and your 401(k) plan?” focuses on the Department of Labor’s interim final rules on retirement plan disclosures. Hardy’s article “Traditional IRA vs. Roth IRA – What’s best for you?” discusses the advantages and considerations when making this decision. Click here to read the articles.
Elliott Davis Investment Advisors Highly Ranked on CPA Wealth Provider Magazine List
GREENVILLE, S.C., Aug. 25, 2010 – Elliott Davis Investment Advisors is pleased to announce its ranking of No. 20 overall on the CPA Wealth Provider magazine’s fourth annual list of CPA/Financial planning firms by assets under management (AUM).
The firm ranked fifth on the “Wealth Magnets” 100+ Million Dollar Club list with AUM of $750 million. The rankings were published in the magazine’s July 2010 issue. A total of 181 firms made submissions for this year’s list.
“We are proud to be ranked as one of the top firms in our industry,” said Philip Brice, managing partner for Elliott Davis Investment Advisors. “Our experienced team takes great care in providing quality wealth management services to our clients, which has resulted in our continued growth.”
To be included in this survey, firms were required to be both CPA firm affiliated and have financial planners with CPA credentials.
Among Elliott Davis Investment Advisors’ professionals are certified public accountants, accredited investment fiduciaries, certified financial planners and chartered financial analysts. The firm is an affiliate of Elliott Davis, LLC, one of the largest accounting, tax and consulting services firms in the Southeast.
New Financial Advisor Joins Elliott Davis Investment Advisors in Charleston
CHARLESTON, S.C., July 19, 2010 – Elliott Davis Investment Advisors is pleased to announce that Nicholas Safrit has joined the firm as a financial advisor in the firm’s Charleston, S.C. office.
Safrit will focus on providing high net worth individuals with financial planning and portfolio management services.
“Nico is a driven, client-focused advisor, who will be a great asset to our wealth management team,” said Philip Brice, managing partner of Elliott Davis Investment Advisors. “We look forward to growing our practice in the Charleston marketplace and helping our Lowcountry clients achieve their financial objectives.”
With extensive experience, including most recently working as a vice president with Charles Schwab, Safrit holds AAMS (Accredited Asset Management Specialist) and CFP (Certified Financial Planner) designations, as well as Series 7 and 66 licenses.
Safrit earned his B.A. from Southern Methodist University and his MBA from the University of Oregon.