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Friday, April 25, 2014

FSM fiduciaries earn accredited investment fiduciary designation

BRIDGEVILLE, Pennsylvania—William N. Kostka, executive director of the Micronesia Conservation Trust, has been awarded the Accredited Investment Fiduciary® (AIF®) designation from the Center for Fiduciary Studies™ (the Center), the standards-setting body for fi3601.

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, which includes a comprehensive, closed-book final examination, 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.

Kostka attended the second ever Asia based Fi360 training, which was sponsored by the Asia Pacific Association for Fiduciary Studies (APAFS), and held at APAFS’s 12th Annual Pacific Region Investment Conference in Manila in November 2012. The training was attended by twenty five individuals from throughout Micronesia and the Philippines. Kostka becomes only the third FSM citizen to hold the AIF® designation.

Fi360 will be holding the next Accredited Investment Fiduciary® training immediately prior to the 13th Annual Pacific Region Investment Conference in Manila Philippines, being held on Nov. 15 and 16, 2013. Gerard Cruz, APAFS chairman says “we are excited about once again 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 25 participants, I would encourage interested individuals to email us immediately at executivedirector@apafs.org.” (PR)

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