When it comes to your money, there is always one question you will ask yourself: who will put my interests first?
Or simply: who can I trust?
At Mancell Financial Group we’ve always held ourselves to high standards, but given the legacy of financial advice in Australia, we wanted you know that trust, and your best interest, are the basis for our client/adviser relationship.
We are an accredited fiduciary, and have been since 2016, when we were officially certified by The Centre for Fiduciary Excellence (CEFEX) as adhering to all their practices and criteria in the conduct of a fiduciary investment advisory business. The CEFEX seal of excellence made us the first fiduciary in Tasmania, and the second fiduciary in Australia (there are now only seven). We joined an elite group of global investment advisors who have successfully completed the independent CEFEX certification process. An audit we are required to submit to on an annual basis.
If you’d like to know more, a full copy of the standard can be downloaded from CEFEX at www.cefex.org
CEFEX Certification renewed 15th April 2024
A fiduciary is a general legal term for someone in a position of trust. That person must exercise a very high standard of care when acting on another’s behalf.
Fiduciaries have an ethical and legal duty to always place your interests above their own. This arises out of the nature of the relationship and goes beyond the care that’s required in general business, contractual or social relationships. The two most fundamental duties of fiduciaries are loyalty and care. These duties form the foundation that gives rise to the specific responsibilities of investment stewards, advisors, trustees and managers established in contemporary laws and regulations.
Where there is a fiduciary relationship between a financial advisor and their client, the advisor must exercise the highest standard of care under the law. This recognises the comparative vulnerable situation of the client and the special trust placed in the advisor.
A fiduciary financial advisor is someone who has responsibility for the management of the assets of others and is therefore in a special position of confidence, reliance and trust. The standard of conduct required of fiduciaries is considered the oldest, strongest, and most revered standard in law
Essentially, there are obligations on the advisor to:
CEFEX is an independent global assessment and certification organization. It works closely with investment fiduciaries and industry experts to provide comprehensive assessment programs to improve risk management for institutional and retail investors. The CEFEX certification helps determine the trustworthiness of investment fiduciaries.
It’s a certification you should look for when searching for a financial advisor.
Being CEFEX certified is an ongoing process. We need to submit to annual audits onsite in our Tasmanian office to ensure we are continually meeting the criteria set, all of our investment processes are scrutinized to ensure we maintain our status as a fiduciary financial advisor. The assessment includes document review, client file sampling, on-site visits and interviews with senior representatives at our firm.
This gives you peace of mind.
We are a founding member of the Global Association of Independent Advisors® (GAIA). GAIA is a global network of financial advisory firms, committed to bringing the highest standards and world class solutions to our clients.
Our CEFEX certification is a mandatory part of our GAIA membership
GAIA member firms continuously share and refine processes and practices with each another. A commitment to learning and development ensures our clients are moving with the best fiduciary practices and developments in wealth management around the world.
Member firms are located in the United States, Canada, UK, Europe, UAE, South America, Australia and New Zealand.
Feel free to call us on (03) 6440 3555 or fill out the form below to start a conversation about your financial future. With offices in Tasmania and near Canberra, we serve clients across Australia.
Level 1, 41 Mount Street,
Burnie, Tasmania, 7320
16 Rutledge Street,
Bungendore, NSW, 2621
03 6440 3555
