Cambridge Fiduciary Services

What Cambridge Fiduciary Services does

Cambridge Fiduciary Services, LLC is an independent fiduciary advisory firm headquartered in Scottsdale, Arizona, founded and led by Managing Director Roger L. Levy, LLM, AIFA. The firm serves investment advisors, asset managers, retirement plan sponsors (employers), trustees, and investment committee members who are subject to the Prudent Expert Standard of care. Its core service is the Fiduciary Quality Management System, a standardized assessment methodology that incorporates practices and criteria defined by the Center for Fiduciary Studies and aligns with global ISO Standards (ISO 9000, ISO 17021, ISO 19011), supported by legal memoranda from a leading law firm. Through an exclusive association with the Center for Fiduciary Excellence (CEFEX), Cambridge helps organizations obtain independent verification and certification conforming to a Global Fiduciary Standard of Excellence, with assessments completable in as little as eight weeks.

The firm operates three primary revenue streams: (1) professional fiduciary consulting and CEFEX certification preparation services sold on a quote-based, multi-year contract cadence routed through direct phone outreach to the Managing Director and a website contact form; (2) expert witness testimony and expert report preparation for fiduciary breach litigation, evidenced by named engagements in cases including Bell v. ATH Holding, Terraza v. Safeway, Wildman v. American Century, and settlement-related declarations in Kruger v. Novant and Gordon v. Mass Mutual; and (3) ancillary book sales of 'Your 401k: The Danger Within' co-authored by Roger Levy in 2016, distributed through Amazon with quantity discounts for employer bulk purchases. Marketing relies on thought leadership via conference presentations (fi360 Insights, Investment Management Institute, Southern Employee Benefits Conference, Taft-Hartley Benefits Summit), earned media in fiduciary publications (Fiduciary News, Paychex, Wealth Management, 401k Specialist), and professional journal articles.

The business model is a pure professional services consultancy with no proprietary products, no software platform, no mobile app, and no disclosed headcount. Cambridge is privately held with no parent company, no venture capital or private equity backing, and no disclosed revenue. The firm's predecessor, Cambridge Financial Services Group, was sold to CapTrust Financial Advisors in 2013, after which the current entity was established as an independent successor practice.

Name

Cambridge Fiduciary Services

Legal name

Cambridge Fiduciary Services, LLC

Website

https://cambridgefiduciaryservices.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Cambridge Fiduciary Services is an independent Scottsdale, Arizona-based fiduciary advisory firm helping investment advisors, asset managers, retirement plan sponsors, and trustees conform to the Prudent Expert Standard through its proprietary Fiduciary Quality Management System, CEFEX certification preparation, and fiduciary breach litigation support, led by Managing Director Roger L. Levy.

Ownership category

akta.pro rank

Product category

Fiduciary Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (525920)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

akta.pro secondary industries

Trust & Estate Dispute Resolution & Fiduciary Litigation Support (FSAEAKAJ), Personal Trust & Fiduciary Administration (FSAEAKAA)

Keywords

• Fiduciary advisory services
• Investment process auditing
• CEFEX certification preparation
• 401(k) plan consulting
• Fiduciary breach litigation

Headquarters

HQ city

Azusa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Fiduciary Consulting Services: Professional consulting services to help fiduciaries understand their responsibilities and conform to prudent investment practices; includes independent verification and certification of fiduciary conformity
2. Expert Witness and Litigation Support: Provides expert reports and expert witness testimony in fiduciary breach litigation cases; opinions filed as declarations in court proceedings
3. Book Sales: Sale of book 'Your 401k: The Danger Within' through Amazon and quantity discounts for employers to distribute to employees

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Cambridge Fiduciary Services is an independent fiduciary advisory firm that helps investment advisors, asset managers, retirement plan sponsors, trustees, and investment committee members understand and conform to the Prudent Expert Standard. Core services include fiduciary audit assessments built on a proprietary Fiduciary Quality Management System aligned with global ISO Standards, CEFEX certification preparation, 401(k) fiduciary consulting, and expert witness testimony in fiduciary breach litigation. The firm also publishes the book "Your 401k: The Danger Within" to educate plan participants.

Product overview

Cambridge Fiduciary Services, LLC is a fiduciary advisory firm providing a suite of services for investment advisors, asset managers, retirement plan sponsors, trustees, and investment committee members. The core offering combines fiduciary audit services using the proprietary Fiduciary Quality Management System aligned with ISO Standards, along with CEFEX certification preparation. Supporting services include fiduciary breach litigation support (expert witness testimony and reports), 401(k) fiduciary consulting, and the published book 'Your 401k: The Danger Within'. The firm operates as a service-based consultancy rather than a software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Fiduciary Audit Services Comprehensive fiduciary compliance assessments performed for investment advisors, asset managers, retirement plan sponsors, trustees, and investment committee members. Audits evaluate investment processes against the Fiduciary Quality Management System and global ISO Standards to identify weaknesses and establish improvements.
• CEFEX Certification Preparation Assistance for wealth managers, broker-dealers, retirement plan sponsors, and asset managers seeking CEFEX certification from the Center for Fiduciary Excellence. Cambridge works in association with CEFEX to deliver the certification process, which requires annual renewal assessments.
• Fiduciary Breach Litigation Support Expert witness testimony and expert report preparation for attorneys prosecuting or defending fiduciary breach cases. Includes CEFEX Declarations filed in support of settlement remediation provisions and expert reports for cases such as Bell et al. v ATH Holding Company, Terraza v Safeway Inc. Benefit Plans Committee, Wildman v American Century, Kruger v. Novant, and Gordon v. Mass Mutual.
• 401(k) Fiduciary Consulting Advisory services for retirement plan sponsors (employers), trustees, and investment committee members responsible for 401(k) and 403(b) plans. Helps clients understand fiduciary responsibilities, conform to prudent investment practices, and demonstrate conformity to the Prudent Expert Standard.
• Your 401k: The Danger Within (Book) A practical guide co-authored by Roger Levy and Dr. Peter J. Roland educating employees and retirees about 401(k) and 403(b) plan management, employer fiduciary responsibilities, plan fees, fund selection, target date funds, brokerage windows, company stock funds, and retirement planning. Sold on Amazon with quantity discounts available for employers distributing the book to employees.

Quantifiable outcome

• Assessments can be completed in as little as eight weeks

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Center for Fiduciary Excellence (CEFEX)coreStrategic or Co-development PartnerCambridge Fiduciary Services works in association with CEFEX to provide certification recognizing that organizations conform to a Global Fiduciary Standard of Excellence. CEFEX certification requires annual renewal assessments.
• Center for Fiduciary StudiescoreStrategic or Co-development PartnerThe Fiduciary Quality Management System incorporates Practices and Criteria developed by the Center for Fiduciary Studies, supported by legal memoranda prepared by a leading law firm.
• ISO (International Organization for Standardization)coreOthersCambridge's assessment methodology is consistent with global ISO Standards including ISO 9000 (Quality Management System Standard), ISO 17021 (Conformity Assessment), and ISO 19011 (Guidelines for Auditing Management Systems).

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Meketa Investment Group: Meketa provides investment consulting and OCIO services to public and corporate pension plans, endowments, and foundations. It is a comparable institutional investment consulting firm operating in adjacent fiduciary advisory territory to Cambridge's retirement plan sponsor and trustee segments.
• CAPTRUST Financial Advisors: CAPTRUST is a large RIA specializing in retirement plan advisory and institutional investment consulting, and is directly relevant because it acquired Cambridge Financial Services Group (the prior firm co-founded by Roger Levy) in 2013. It offers fiduciary services at much greater scale and serves overlapping customer segments.
• Callan LLC: Callan is an institutional investment consulting firm serving plan sponsors, endowments, and foundations with manager research, performance measurement, and fiduciary-related advisory services. It addresses the same institutional buyer personas as Cambridge but with a much broader research and consulting platform.
• Mercer Investment Solutions: Mercer provides institutional investment consulting, fiduciary management, and OCIO services to plan sponsors and asset owners globally. It competes with Cambridge for fiduciary advisory and assessment work as part of a much broader portfolio, serving many of the same retirement plan sponsor and trustee buyer personas.
• Aon Investment Consulting: Aon offers institutional investment consulting, fiduciary management, and retirement plan advisory services to plan sponsors. Like Mercer, it competes with Cambridge for fiduciary advisory mandates, but bundles them with broader actuarial, risk, and benefits consulting capabilities.

Regional players

• Marquette Associates: Marquette Associates is a US-based institutional investment consulting firm serving public funds, endowments, and foundations, with a strong Midwest presence. It provides fiduciary-related investment consulting services to the same plan sponsor and trustee segments Cambridge targets.
• Verus (formerly Verus Investments): Verus is an institutional investment consulting firm headquartered in the Pacific Northwest, serving primarily US-based public pensions, endowments, and foundations. It competes with Cambridge for institutional fiduciary advisory mandates within overlapping US segments.

Emerging players

• Pavilion Advisory Group: Pavilion is a privately held institutional investment consulting firm focused on pensions, endowments, foundations, and family offices, with capabilities in fiduciary oversight and investment process reviews. It is a more specialized, mid-sized alternative to the largest incumbents and overlaps with Cambridge's institutional advisory work.

Direct peers

• fi360 (a Broadridge company): fi360 is the most direct peer: it provides fiduciary training, tools, and assessments for investment advisors and retirement plan sponsors, and is closely associated with the Center for Fiduciary Studies — the same organization whose practices underpin Cambridge's Fiduciary Quality Management System. Both serve the same buyer personas with assessment and certification-adjacent services.
• Center for Fiduciary Excellence (CEFEX): CEFEX is both a partner and a functional peer: it issues the Global Fiduciary Standard of Excellence certification that Cambridge helps clients prepare for. As the certifying body, CEFEX defines the standards and assessor criteria that shape Cambridge's service delivery, and it is the closest analog for the niche in which Cambridge operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cambridge-fiduciary-services

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cambridge Fiduciary Services