Tealwood Asset Management, Inc. (Tealwood) contracted with and provided payment to the Center for Fiduciary Excellence, LLC (CEFEX) to independently examine our practices against the internationally recognized standards and best practices for fiduciaries. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators, and managers. On March 29, 2018, Tealwood received this certification. An annual assessment is required to retain this certification.
Important CEFEX Certification Disclosures:
The CEFEX assessment process is based on the international standard, ISO 19011: Guideline for quality management system auditing. The assessment is evidence-based, and all work is reviewed by the CEFEX registration committee to ensure impartiality and consistency. The assessment typically includes document review, client file sampling, on-site visits, and interviews with senior representatives at the firm. The assessment is conducted by CEFEX Analysts who must hold the Accredited Investment Fiduciary Analyst® designation and a minimum of the ASPPA 401(k) Administrator (QKA) designation for ASPPA certifications. CEFEX Analysts maintain annual assessment training. For more on this assessment process, visit www.cefex.org.
