For Immediate Release
July 12, 2010
Martin A. Smith, CRPC®, AIF®, AIFA®
President, Managing Director
Office: (240) 245‐3434
A Minority Owned Registered Investment Advisory Firm Receives Certification Status as a Minority Business Enterprise and Disadvantaged Business Enterprise (MBE/DBE) Firm.
Bethesda, Maryland, July 12, 2010 – Wealthcare Financial Group, Inc.™, a Registered Investment Advisor specializing in Investment Management, Retirement Plan Services, Fiduciary Consulting and Wealth Management, has received certification as a Minority Business Enterprise and Disadvantaged Business Enterprise (MBE/DBE) firm, from the Maryland Department of Transportation’s MBE Advisory Committee, of the Office of Minority Business Enterprise.
The MBE/DBE certifies Wealthcare Financial Group, Inc.™ to do business with the State of Maryland, including all state government agencies, counties and municipalities in the following areas: Portfolio Management, Investment Advisory, including Trust, Fiduciary and Custody Activities.
“We are very pleased to have crossed this initial milestone in our business. Providing investment management and retirement plan services for institutional clients is extremely competitive, especially for small firms. Receiving the MBE/DBE certification is a step towards a more level playing field within the investment management community and in an industry that is disproportionately dominated by firms with a noticeable lack of minority representation with respect to the ownership and other key personnel, such as investment management professionals”, Said Martin A. Smith, President, Managing Director of Wealthcare Financial Group, Inc.™
To better coincide with his vision of serving the investment management and retirement plan service needs of institutional clients, Martin A. Smith, President and Managing Director obtained the ACCREDITED INVESTMENT FIDUCIARY ANALYST (AIFA®) designation from the Center for Fiduciary Studies. The Center for Fiduciary Studies is the first full‐time training and research facility for fiduciaries and investment professionals affiliated with Registered Investment Advisory firms that teach fiduciary standards of care and investment best practices, including the procedures for how to perform a fiduciary assessment on an investment portfolio on behalf of Trustees of Personal Trusts; Investment Committee Members of Qualified Retirement Plans; as well as managing the investment assets of Pensions, Foundations and Endowments.
About The Value of Working with an Accredited Investment Fiduciary Analyst (AIFA®) An Accredited Investment Fiduciary Analyst (AIFA®) practitioner provides the accurate assessment of an investment fiduciary organization to determine if their practice conforms to a Global Fiduciary Standard of Excellence; and whether the organization has satisfied the Forty Six Practices Practice requirements for receiving the Center for Fiduciary Excellence (CEFEX) Certification. Learn More about KingdomTrust Capital Management, Inc.’s™ Practices That Define A Global Fiduciary Standard of Excellence.
About Wealthcare Financial Group, Inc™. Founded in 2003, Wealthcare Financial Group, Inc.™ is a Registered Investment Advisory firm, located in Bethesda, Maryland and is privately owned by Martin A. Smith.