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CEFEX Press Release

Investment Advisor is Certified for Fiduciary Excellence

Reno, Nev (November 15, 2015) - CEFEX, the Centre for Fiduciary Excellence, LLC, an fi360 company, has certified Open Window Financial Solutions, Ltd. (Open Window) of Reno, Nevada to the standard described in the handbook “Prudent Practices for Investment Advisors”. With this certification, Open Window joins the elite group of Investment Advisors to successfully complete the independent certification process. 

The standard describes how an Investment Advisor assumes the responsibility for managing a client’s overall investment management process, which includes 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 Open Window has demonstrated adherence to the industry’s best fiduciary practices. This indicates that Open Window’s interests are aligned with those of investors.”

“Since we opened our doors in 2004, it has been our philosophy to provide total-picture, objective, fee-only financial solutions that are in the best interests of our clients,” said Open Window President Joe Hollen, MD, CFP®. “We’re proud of this certification as it shows that our dedication to our clients is being recognized at the national level.”

Open Window has been certified for its provision of discretionary investment advisory services to individuals, families, trusts, foundations and retirement plans. The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. Open Window is registered at www.cefex.org, where its certificate can also be viewed.

The standard is substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisor’s Act of 1940, 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. 

A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Open Window’s on-line CEFEX certificate.  

View Certificate