Cygnet Institute Earns Fiduciary Excellence Certification
Michimich.com/10142899

WATERFORD, Mich. - Michimich -- Cygnet Institute of Personal Financial Literacy, a non-profit educational organization founded in 1989, recently achieved certification from the Centre for Fiduciary Excellence, LLC for its adherence to recognized global standards of fiduciary excellence.

To earn the distinction. Cygnet Institute participated in 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.

According to CEFEX Managing Director Carlos Panksep, "As a result of successfully completing the process, Cygnet Institute of Personal Financial Literacy has earned the right to use the CEFEX Mark, which indicates the organization's established practices are aligned with investors' interests and worthy of trust and confidence."

"From its very beginnings, Cygnet Institute was built on total adherence to the fiduciary standard of care; that approach permeates all of our educational content and its delivery," said Cygnet Institute Founder and President Ted Lakkides, CFP^®. "We believe this newest designation recognizes our long-standing dedication to transparency and the particular needs of 401k plan participants making decisions about their retirement."

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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.

For more information about Cygnet Institute and its programs, visit www.CygnetInstitute.org.

About Cygnet Institute

Founded in 1989, Cygnet Institute of Personal Financial Literacy is a §501(c)(3) non-profit educational organization that brings a field-tested, fresh, and unique experiential educational approach to the marketplace of solutions attempting to address employee financial wellness and retirement preparedness. The Institute's mission is to educate adults in economic matters to enhance their ability to make good financial decisions and, through their improved financial literacy, enhance their quality of life as individuals and the community in which they work and/or live.

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About CEFEX®:

CEFEX®, Centre for Fiduciary Excellence, LLC, a Fi360® company, is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and support services firms. CEFEX is based in Pittsburgh, PA. Learn more at www.cefex.org via Twitter (https://twitter.com/cefex1) or on LinkedIn (https://www.linkedin.com/company/cefex/).