The New Fiduciary Standard: The 27 Prudent Investment Practices for Financial Advisers, Trustees, and Plan Sponsors (Bloomberg Financial) - Hardcover

Über die Autorin bzw. den Autor

Tim Hatton, a Certified Financial Planner practitioner and Certified Investment Management Analyst, earned the designation of Accredited Investment Fiduciary at the Center for Fiduciary Studies, the nationally recognized training organization affiliated with the Foundation for Fiduciary Studies. He is founder and president of Hatton Consulting Inc., a registered investment adviser, in Phoenix. Prior to starting that firm, he served thirteen years with Morgan Stanley, most recently as senior vice president of investments. He holds a BS in Business Administration from the University of Arizona.

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Finally, a clear guide to fulfilling your fiduciary responsibility

Here, for the first time, The New Fiduciary Standard

• Clarifies the fiduciary requirements facing today's financial advisers and plan sponsors
• Incorporates and expands on the Five Steps and 27 Prudent Practices articulated by the Foundation for Fiduciary Studies
• Explains in detail, with research findings and real-world illustrations, this the only widely accepted method for ensuring that your advice to clients fulfills the letter and spirit of a fiduciary's duties
• Includes guidelines and sample documents―plus a valuable review of portfolio theory

Long anticipated, much needed, The New Fiduciary Standard walks professionals you through an organized process for making informed, consistent, and defensible investment decisions.

"The New Fiduciary Standard helps fiduciaries understand the practical application of their duties, provides a range of reference materials, encourages fiduciaries to adhere to a higher standard, and breeds a high expectation for achievement for both fiduciary and their client."
―From the AICPA's Note to the Reader

Aus dem Klappentext

Financial advisers, trustees, and plan sponsors―in fact, anyone who provides investment advice―may be held to a fiduciary standard of care for the financial well-being of their clients, beneficiaries, or employees. Accountants, attorneys, and wealth managers all need to know about these responsibilities. But what, exactly, is meant by the term fiduciary standard? What must advisers do to be sure their procedures meet legal and ethical standards?

This book identifies the 27 Prudent Practices, organized under the Five Steps, that were developed by the Foundation for Fiduciary Studies―measures that professionals can take to demonstrate that they accept, understand, and are fulfilling the role of a fiduciary.

• Financial advisers and others offering investment advice will add meaningful value to their practice and show tangible evidence of what sets them apart from the pack.
• Attorneys, CPAs, and others serving as trustees will possess the knowledge to determine whether or not their clients' investment portfolios are being managed appropriately.
• Plan sponsors will know what to look for in selecting investment consultants and in giving employees the disclosures and information they need.

The most far-reaching trend in the financial-advisory business today is the move toward a fiduciary standard of care. This book establishes for the industry a credible investment-decision process that will meet the growing expectations of investors and regulators for integrity, transparency, and disclosure of fees and conflicts that affect their returns.