Meritis to Offer New Services Based on fi360's Global Standard of
OAKVILLE, ONTARIO & PITTSBURGH, October 30 /CNW/ - Meritis Governance
Inc. (www.meritis.ca), a professional services firm providing Canadian wealth
management firms with a focused suite of governance solutions, and fi360
(www.fi360.com), an organization providing training, tools and resources
promoting a culture of fiduciary responsibility and improving decision making
processes of investment fiduciaries, today announced a new partnership
introducing Fiduciary Excellence Practice Management services to Meritis'
offerings. The partnership includes Meritis adaptation of fi360's Accredited
Investment Fiduciary (AIF(R)) program to the Canadian marketplace, the first
time these services have been specifically tailored to the Canadian audience.
The fiduciary excellence concept developed by fi360 is a comprehensive
set of responsibilities investment fiduciaries owe to their clients,
applicable in all countries that have fiduciary legislation. The process is
defined in the Prudent Practices for Investment Stewards and Investment
Advisors (Canada Edition) handbook, which includes full substantiation from
Canadian legislation, case law and opinion letters. The AIF program gives
thorough instruction on understanding and implementing the Prudent Practices,
with graduates eligible for the AIF designation, and continuing benefits and
support from fi360.
"Partnering with Meritis is an important step in advancing a Global
Standard of Fiduciary Excellence in Canada," said fi360 CEO Blaine Aikin.
"Having a Canadian firm like Meritis customize fi360's training and materials
will enable other Canadian investment professionals to implement fiduciary
excellence in a way that is more relevant to them."
Included in Meritis' new practice management services will be audits of
adherence to fiduciary practices, AIF classroom training, and consulting
services to implement and maintain prudent practices for investment
fiduciaries. The combined services give investment fiduciaries a direct source
for instruction and tools necessary to build a disciplined approach to
investing that manages risk and liability. Meritis auditing services are based
on assessment procedures developed by fi360 and CEFEX, the Centre for
Fiduciary Excellence (www.cefex.org). These procedures were developed to be
similar to the ISO quality management system, which is a systematic process to
evaluate adherence to a set of criteria and ensure continual improvement. The
most formal level of assessment is CEFEX Certification, which is completely
independent and results in acknowledgment from CEFEX of adherence to the
"Fiduciary Excellence means going above and beyond your requirements as a
wealth management professional," said Meritis President Idon Biron. "It is
always putting the needs of the investor above all else. Being proactive in
understanding and implementing these practices puts firms at an advantage in
the eyes of the public."
The Canadian version of the AIF program is scheduled for release in early
2008. The update will replace all U.S. legislation and other U.S.-specific
references with their Canadian equivalents in both the classroom and Web-based
programs. Classroom registration will be available through Meritis and
Web-based registration through fi360.
About Meritis Governance Inc.
Meritis Governance Inc. is a professional services firm that provides
Canadian wealth management firms with a focused suite of governance solutions
including the design and implementation of tailored investment fiduciary-based
governance structures, ongoing governance support and management services and
a specialized set of services related to the Independent Review Committees of
Canadian Mutual Fund companies. For more information, visit www.meritis.ca.
HighView Financial Group, the parent company of Meritis, is a
professional services firm that provides advisory and outsourced business
services to Canadian wealth management firms. Our mission is to facilitate
independence in the Canadian Wealth Management industry through the
integration of strategy, support and capital for managed asset firms and
offerings. For more information about HighView Financial Group, visit
Fi360 promotes a culture of fiduciary responsibility and improves the
decision making processes of investment fiduciaries - individuals who manage
money for others. It delivers training, tools and resources through the Center
for Fiduciary Studies and Fiduciary Analytics, which license the Prudent
Practices for Investment Fiduciaries from the Foundation for Fiduciary
Studies. Through the Center, fi360 provides investment education and training
programs and awards the Accredited Investment Fiduciary(R) (AIF(R)) and
Accredited Investment Fiduciary Analyst(TM) (AIFA(R)) professional
designations. Its Fiduciary Analytics division develops sophisticated
Web-based tools and reporting, including the innovative Fiduciary Score(TM)
and the Fund Family Fiduciary Rankings(TM) for trustees and investment
professionals. For more information, visit www.fi360.com.
For further information:
For further information: fi360 Communications Coordinator Bennett Aikin,
AIF, (412) 741-8140 ext. 207 email@example.com or Meritis Governance Inc.
President Idon Biron, (905) 363-7158 firstname.lastname@example.org