PORTSMOUTH, NH – October 3, 2025 – After undergoing its annual recertification and independent assessment of investment management processes, investment strategy implementation, and other fiduciary practices, Nvest Financial Group, LLC today announced its recertification of the Centre for Fiduciary Excellence (CEFEX®) certificate from Broadridge. Nvest Financial Group, LLC is part of the elite group of nearly 250 firms from around the world to have successfully completed the independent certification process. Nvest has held certification since September 1st, 2017.
Part of the rigorous evidence-based assessment includes successfully demonstrating adherence to documented and legally substantiated best practice fiduciary standards. The annually renewed certification signifies an ongoing commitment to providing consistent objective advice that’s in a client’s best interest – both at the institutional and individual levels.
“We are proud of our recertification and work hard each year to achieve recertification and abide to such high standards in the industry. The CEFEX® certification is the equivalent of ISO standards in the financial industry and only a relatively small number of firms hold this certification, ” said George Raftopoulos, President of Nvest Financial, LLC.
The CEFEX certification program is based on the International Standards Organization (ISO) 19011: Guidelines for auditing management systems. The standard, “Prudent Practices for Investment Advisors” is 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 Model Management of Public Employee Retirement Systems Act (MMPERSA) in the U.S.
According to the Vice President, Centre for Fiduciary Excellence, Carlos Panksep, “Through CEFEX’s independent assessment, the certification provides assurance to investors, that Nvest Financial Group, LLC has demonstrated adherence to the industry’s best fiduciary practices. This indicates the firm’s interests are aligned with investors.”
Nvest Financial Group, LLC is specifically certified for Individuals, families, businesses and ERISA retirement plans advising on all aspects of financial planning. Official registration for Nvest Financial Group, LLC can be seen here and the Independent Assessment Report can be viewed here. To learn more about CEFEX certification visit cefex.org. ♦
