Two FSM fiduciaries earn AIF designation

BRIDGEVILLE, Pennsylvania—Gillian Doone, chairman of the board of trustees of the FSM Social Security Administration, and Vincent Tafileluw, vice chairman of the board of trustees, FSM Social Security Administration, have been awarded the Accredited Investment Fiduciary, or AIF, designation from the Center for Fiduciary Studies, the standards-setting body for fi360. The AIF designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care.
The designation is the culmination of a rigorous training program that includes a comprehensive, closed-book final examination under the supervision of a proctor, and agreement to abide by the AIF Code of Ethics. On an ongoing basis, designees are required to complete continuing education to maintain the AIF designation.

Doone and Tafileluw attended the third Asia-based Fi360 training, which was sponsored by the Asia Pacific Association for Fiduciary Studies, and held at APAFS’s Annual Pacific Region Investment Conference in Manila. The training was attended by 35 individuals from throughout Micronesia and the Philippines.

Fi360 will be holding the next Accredited Investment Fiduciary training immediately prior to the 14th Annual Pacific Region Investment Conference in Manila Philippines, in November 2014.

Gerard Cruz, APAFS chairman, said, “We are excited about hosting this prestigious, and badly needed, fiduciary training certification course once again. The response to the first course was truly overwhelming. Demand is already high for this year’s training, and as we can only accommodate 35 participants, I would encourage interested individuals to email us immediately at executivedirector@apafs.org.”

Fi360, based near Pittsburgh, Pa., is the first full-time training and research facility for fiduciaries, and conducts training programs at universities throughout the United States and abroad. As part of fi360, the Center confers the AIF designation as well the Fiduciary Essentials Certificate. The Accredited Investment Fiduciary Analyst designation is offered to those choosing to pursue a higher level of knowledge. AIFA designees are the only recognized professionals trained to perform fiduciary assessments, which measure how well investment professionals are fulfilling the fiduciary duties required of them by the applicable investment legislation, case law, and regulatory opinion letters. (APAFS)