Insight Financial Partners, LLC RENEWS CERTIFICATION FOR FIDUCIARY EXCELLENCE
PITTSBURGH, September 27, 2019 – CEFEX, the Centre for Fiduciary Excellence, LLC, has renewed the certification of Insight Financial Partners, LLC of Crystal Lake, IL to the international standard, ISO 19011: Guideline for quality and environmental system auditing, and is adjusted to align with the needs of the investment industry, “Prudent Practices for Investment Advisors”. Insight Financial Partners, LLC remains part of an elite group of investment advisory firms which are certified in this global program.
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 Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep, “Maintaining certification requires a continued adherence to the industry’s best practices. This is verified through our annual renewal assessment.”
Insight Financial Partners, LLC is certified as an investment advisory firm to employer sponsored qualified retirement plans. Insight Financial Partners, LLC is registered at www.cefex.org/advisor, where the firm’s certificate can also be viewed.
“The renewal of our CEFEX certification continues to substantiate our independent and objective commitment to our clients that we conform to the fiduciary standards of excellence,” said Michael Smith, Founder and Managing Partner of the firm. “The Centre for Fiduciary Excellence’s annual assessment of our practice and service model is the catalyst for our passionate pursuit of continuous improvement, as well as our on-going commitment to prudent fiduciary best practices while optimizing our client’s plan health and their participant’s outcomes.”
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/advisor and a summary can be viewed by clicking on Insight Financial Partners, LLC’s on-line CEFEX certificate.
Michael K. Smith Named to 2019 Financial Times 401 Top Retirement Advisers
October 10, 2019 – Insight Financial Partners, LLC is pleased to announce that Michael K. Smith, Managing Partner, has been named to the 2019 edition of the Financial Times 401 Top Retirement Plan Advisers. The list recognizes the top financial advisers who specialize in serving employer sponsored defined contribution (DC) retirement plans across the U.S.
This is the fifth annual FT 401 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on investment management.
Financial advisers from across the U.S. were nominated for consideration, having met a set minimum of requirements. The applicants were then graded on six criteria: DC assets under management (AUM); DC AUM growth rate; specialization in DC plans; years of experience; advanced industry credentials; and compliance record. There are no fees or other considerations required of advisers who were nominated for the FT 401.
The final FT 401 represents an impressive cohort of elite advisers: the “average” adviser in this year’s FT 401 has over 22 years of experience advising DC plans and manages $1.6 billion in DC plan assets. The FT 401 advisers hail from 40 states and Washington, D.C., and DC plans on average account for 84% of their total assets under management.
The FT 401 is one in a series of rankings of top advisers developed by the FT in partnership with Ignites Research, including the FT 300 (independent RIA firms) and the FT 400 (broker-dealer advisers).
Smith has collaborated with over 800 plan sponsors and their plan participants since his career in the industry originated in 1989. He holds an extensive number of industry designations, including the Certified 401(k) Professional (C(k)P), Certified Plan Fiduciary Analyst (CPFA), Chartered Retirement Plan Specialist (CRPS), and the Accredited Investment Fiduciary Analyst (AIFA).
Insight Financial Partners, LLC is an independent, Registered Investment Advisor (RIA) that specializes in Retirement Plan Consulting, Investment Advisory and Fiduciary Support Services to the Employer Sponsored Plan market.
The firm is certified through CEFEX, the Centre for Fiduciary Excellence, to the international standard 19011: Guideline for quality and environmental system auditing, adjusted to align with the needs of the investment industry. Learn more about CEFEX and Insight at www.cefex.org/advisor
The National Association of Plan Advisors (NAPA), backed by the American Retirement Association, recognized Insight Financial Partners, LLC as one of the top Defined Contribution industry serving firms in the U.S. in 2018. Learn more about Insight Financial Partners, LLC at www.insightfpllc.com