Prudent Practices for Investment Advisors and Investment Stewards
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Prudent Practices for Investment Advisors and Investment Stewards

3 years ago · 1 min read



A fiduciary has a legal duty to act solely in the best interests of the beneficiary. While an accountant normally is not considered to be a fiduciary to his or her clients, the AICPA Professional Code of Conduct embodies standards of conduct which are closely analogous to a fiduciary relationship—objectivity, integrity, free of conflicts of interest and truthfulness. Accountants who provide audit services cannot be held to a fiduciary standard given their duty to the public.

Courts have found that

Download the Prudent Practices for Investment Advisors

File name: handbook-advisors.pdf

Download the  Prudent Practices for Investment Stewards

File name: handbook-stewards.pdf

Download the Legal Memorandums for Prudent Investment Practices

File name: legal-memoranda-2011.pdf

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