Wealth Manager portfolios get International rating from Centre for Fiduciary Excellence
Jonathan Moodie CFP® AIF ™ the Director of Wealth Manager, an independent financial services provider based in Hilton, has been acknowledged by Old Mutual Wealth’s Tailored Funds Portfolio division as having brought the Centre for Fiduciary Excellence (CEFEX) standards to South Africa. During the past year, Jonathan was instrumental in introducing this division of Old Mutual to CEFEX. These funds were audited and subsequently certified on February 22nd, 2019 in Pittsburgh, USA. The annual certification process involves financial performance and operational data verification, followed by on-site interviews with key personnel.
The CEFEX certification helps provide investors and their Investment Advisors with the additional proof of their investment firm’s integrity while allowing investment firms a way to show investors that their trust is warranted. According to ROLAND GRÄBE, CFA, CFP® | Old Mutual Wealth Head | Tailored Fund Portfolios, CEFEX provides a key solution to the South African financial services industry in ensuring independent verification of the operating models and processes in asset management as well as financial advice. Jonathan says that the benefit to the consumer is that it vertically integrates the financial planning practices with the portfolio managers. The process greatly reduces the risk of failed investments due to the strict due diligence and manager research the CEFEX process provides and provides greater certainty of investment outcomes.
Jonathan’s background includes being judged a finalist in the prestigious Financial Planner of the Year awards for South Africa in 2002 and 2004. While working in Australia he gained institutional international experience working for a CEFEX certified organization. This creates an exciting partnership between a CEFEX accredited Discretionary Fund Manager in Tailored Fund Portfolios and an AIF TM (Accredited Investment Fiduciary) in Wealth Manager, working together as a joint Investment Committee in the management of unique investment portfolios.
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