WEIGH HOUSE CERTIFIED FOR FIDUCIARY EXCELLENCE

Investor consultancy is the first in Canada to have its support services CEFEX-certified

TORONTO, April 19 – Weigh House Investor Services today announced that its investment support services have been certified by the Centre for Fiduciary Excellence (CEFEX) as adhering to the fiduciary standard of excellence. Weigh House is the first organization in Canada to achieve this independent certification.

The annual certification process required detailed assessment of Weigh House‟s operational procedures, service offerings and client files, followed by on-site interviews with key management and service delivery personnel. Weigh House is now registered at www.cefex.org where its certificate is available for viewing.


"CEFEX is a welcomed new player in the Canadian marketplace, and symbolic of a general reshaping within the global investment advisory industry," said Warren MacKenzie, president and CEO of Weigh House Investor Services. "In Great Britain, Australia and the U.S., legislative changes are planned or under consideration that will prohibit financial advisors from giving „advice‟ on investment products and then receiving commissions when clients follow that advice.


"Eventually all investment advisors will be held to the fiduciary standard, and we will look back in disbelief that we long endured a model where advisors were not explicitly required to put clients‟ best interests first," continued Mr. MacKenzie. "Until then, Weigh House represents a unique advisory channel, providing Canadian investors with independent, unbiased assessments of their current positions and straight answers on how to get to where they want to go."


Weigh House was evaluated against The Prudent Practices for Investment Support Services, part of a series of standards published by Fiduciary360 (fi360) of Pittsburgh, PA. The assessment was conducted in accordance with the International Organization for Standardization (ISO) audit process 19011.