San Antonio, TX (1888PressRelease)
January 23, 2008 - South Texas Money Management, Ltd. (STMM) announces that Chief Compliance Officer, Christian Herff, has been named a member of the Policy Board of the Investment Fiduciary Leadership Council (“IFLC”).
IFLC has launched this initiative to promote fiduciary excellence within the corporate, public pension, and university endowment communities. IFLC's members include organizations that have earned certification under the Center for Fiduciary Excellence ("CEFEX"). “I look forward to helping the IFLC spread the word on the benefits of an independent fiduciary standard for the investment community,” says Herff.
IFLC was formed in 2007 in order to meet the growing need for better care of the financial assets of corporate retirement plan participants, public employees, and donors to endowments and charitable entities.
Ronald E. Hagan, Chairman of the Board of the IFLC said, "Our members include corporate retirement plan sponsors, public pensions, investment advisors, and investment managers, collectively referred to as Investment Fiduciaries. They believe that it is now time that retirement plan sponsors and trustee boards select providers that can prove their conformity to an independently developed fiduciary support standard. To this end, IFLC's purpose is to facilitate the adoption of the Global Fiduciary Standard of Excellence by fiduciary organizations and to publicly and independently identify the providers that conform to its practices."
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