MAITE, Guam—Martin B. Ada has been awarded the Accredited Investment Fiduciary Analyst® (AIFA®) designation from the Center for Fiduciary Studies™, the standards-setting body for fi360. The AIFA® designation signifies the ability to perform fiduciary assessments measuring how well investment fiduciaries are fulfilling their duties to a defined standard of care. The designation is the culmination of a rigorous training program, including a comprehensive, closed-book examination under the supervision of a proctor, and agreement to abide by the Code of Ethics and Conduct Standards. On an ongoing basis, completion of continuing education and adherence to the Code of Ethics and Conduct Standards are required to maintain the AIFA® designation.
Ada, a resident of the CNMI, currently serves as chairman, Board of Trustees of Marianas Public Land Trust. He has served on the MPLT Board of Trustees since February 27, 2013.
MPLT was established in accordance with the CNMI Constitution to manage the funds received from the lease of Commonwealth public lands. Upon the formation of the Trust, the initial Trustees divided it into two trusts, the General Trust Fund and the American Memorial Trust Fund, in order to comply with the intention of the Commonwealth Constitution and the Covenant to Establish a Commonwealth of the Northern Mariana Islands in Political Union with the United States of American. It is governed by a Board of Trustees.
APAFS is a Guam-based 501(c)3 non-profit educational and charitable association. APAFS was founded in 2000 by representatives from public and private institutional funds from around the Asia Pacific Region. The goal of APAFS is to raise the level of understanding and standards of practice among fiduciaries in the region, so that they may provide the most prudent stewardship of the funds entrusted to their care. APAFS hosts a variety of fiduciary education programs, to include its annual flagship Pacific Region Investment Conference. The 19th annual conference will be held in November 2019, in Manila, Philippines. (PR)