Fiduciary Standards: Why they matter

  • A sound framework to make important decisions:
    • Articulate intention of the assets and establishing documented goals and objectives
    • Funding benefits or spending
    • Establishing investment policy
    • Monitoring investments
  • Proactive investment advice with practical and implementable solutions
  • Clear and concise reporting to support decisions and fulfill fiduciary responsibilities
  • Transparency:
    • Ensure that the asset pool is controlling expenses
    • Document that professionals are operating solely in the best interests of the beneficiaries
  • Effective administration to ensure investment decisions are implemented in a timely and efficient manner

Uniform Code of Fiduciary Conduct

  • Prepare Written Investment Policies, and Document the Process Used to Derive Investment Decisions
  • Diversify Portfolio Assets with Regard to the Specific Risk/Return Objectives of the Beneficiary
  • Use Professional Money Managers (“Prudent Experts”) to Make Investment Decisions
  • Control and Account for All Investment Expenses
  • Monitor the Activities of All Money Managers and Service Providers