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Achieving Fiduciary Excellence

Overseeing the management of money in a Foundation is particularly sensitive. A scandal of any scale would be disastrous. On the other hand, if you implement extra care and attention, ensuring that you are meeting a global fiduciary standard – you might attract more citizens to your cause. Anyone who donates wants to know that their money will be treated responsibly and carefully so that it can have the most positive impact.

For prudent leaders of foundations, we highly recommend that you take two very important actions. First, use an RIA (registered investment advisor) that has a CEFEX certification for the management of the portfolio. Second, use the “S.A.F.E.” document available through CEFEX to perform self-assessments on your organization to discover any weak points in your fiduciary oversight of the money. We will assist you on both fronts.

We are grateful for the Center for Fiduciary Excellence (CEFEX) which has documented a global fiduciary standard of care. It was put together by an impressive group of credentialed investment experts, CPAs and attorneys. The group was founded by Donald Trone, a world-renowned fiduciary investing expert that has testified before U.S. Congress and is considered a very influential person in this specific area.

The standards of care are set up at three levels of fiduciaries:

  1. Investment Stewards — those overseeing and ultimately making the high level decisions regarding the investments. Executives and Board Directors over 401(K) plans and Executives and Board Directors over non-profit assets are in this category.
  2. Investment Advisors — those providing the investment advice to the stewards such as O’Reilly Wealth Advisors and our Asset Manager, Lindner Capital.
  3. Investment Managers — those actually buying/selling securities inside a particular fund.

Recommended Web Sites

A Handbook for Investment Fiduciaries

Contact O’Reilly Wealth Advisors to see if you qualify to receive the Foundation for Fiduciary Studies, A Handbook for Investment Fiduciaries.

This handbook is a valuable guide for persons who have the legal responsibility for managing someone else’s money such as Investment Committees of Retirement Plans, Foundations, and Endowments; and Trustees of Private Trusts.