The Fi360 Fiduciary Score, a tool for comparing peer investments and determining their overall appropriateness for clients, might also be useful to advisors when choosing investments. A recent analysis by the Center for Financial Planning & Investment (CFPI) at California State University, Northridge found that funds with top Fi360 scores (from zero to 50) provided statistically better median results than other groups. Funds with top scores also tended to have lower levels of risk, as measured by return standard deviation and semi-deviation. “The score is often used by advisors to eliminate the wrong funds then use his or her own assessments to select the right investments from those remaining,” the company said.
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