Tag: Press Release

SRP Earns Fiduciary Excellence Certification

Strategic Retirement Partners is honored to announce our certification from the Centre for Fiduciary Excellence, LLC (CEFEX). This certification is only granted by CEFEX to firms that demonstrate adherence to fiduciary best practices. It is a hallmark accomplishment for Strategic Retirement Partners as it signifies conformity to a recognized global standard of fiduciary excellence.

Strategic Retirement Partners 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, regulation and professional best practices.

“CEFEX is pleased to add Strategic Retirement Partners to an elite group of investment advisors who have demonstrated adherence to professional practices that define a standard of fiduciary excellence,” said CEFEX Managing Director Carlos Panksep. “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.”

Jeffrey Cullen, Managing Partner and Managing Director, Great Lakes of Strategic Retirement Partners said, “Strategic Retirement Partners applied for CEFEX to verify our practice is trustworthy and transparent. Receiving the CEFEX certification, we uphold the global fiduciary standard. We embrace an orderly and efficient process, so we are positioned to help our clients make better business and financial decisions.”

Strategic Retirement Partners is certified for Investment Advisor Certification, which is registered and can be viewed at www.cefex.org.

CEFEX certification standards are substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisers Act of 1940, the Uniform Prudent Investor Act (UPIA), the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (UMPERSA) in the U.S. A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Strategic Retirement Partners online CEFEX certificate.

 

Powerhouse Retirement Advisory Practice joins SRP

Strategic Retirement Partners (SRP), one of the leading retirement plan aggregators in the US, announced today that White Oak Advisors, LLC has joined its team. This closes out a banner year for growth, with SRP’s advisors in 17 offices consulting on over 750 plans totaling assets of $11 billion.

Jim Robison, Founder of White Oak Advisors, LLC and SRP’s new Managing Director, Great Lakes, states: “We are thrilled to be joining Strategic Retirement Partners! Ric Clouse and I have known many of the Managing Directors for a number of years and have noted the national depth and breadth of consulting capabilities, dedication to the ongoing improvement in participant and plan sponsor outcomes, the scope of operational support for our office and clients, a strong cultural alignment and, most importantly, the strength of character of our co-owners.”

The White Oak team adds eight new colleagues to SRP’s ranks, including Jim Robison and Ric Clouse who will be Managing Directors in the Great Lakes region.

“White Oak Advisors has grown from a true start-up in 2004 to a firm providing consulting and advisory services to Plan Sponsors who have in excess of 70,000 Employees and $3.5 billion assets in their respective Plans,” said Jim Robison, Managing Principal for White Oak Advisors, LLC. “We have enjoyed our client relationships and the fulfillment of the services provided yet have observed a need for greater bench depth in certain service areas. Being with SRP addresses the team-depth challenges and allows us to work within a collegial, Managing Director owned environment in-which collaboration is encouraged and occurs.”

SRP’s Managing Partner, Jeff Cullen, shared, “We are extremely fortunate to have Jim, Ric, and the entire White Oak team on board with SRP. They have evolved their decades of retirement plan experience into a repeatable process that uniquely equips their clients to take their plans from an additional corporate expense into an optimized asset that can help facilitate corporate strategy.”