Tag: PRUDENT INVESTOR RULE
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Fiduciary Papers #12: The Prudent Investor Rule’s Requirement for Tax Efficient-Investing
OVERVIEW: THE PRUDENT INVESTOR RULE The Uniform Prudent Investor Act (UPIA) (1995), adopted in some form by all 50 states, applies to the investment of private trust funds. The Prudent Investor Rule, which forms the core of the UPIA, also applies in other contexts, such as to guardians, conservators, executors of estates, trustees of charitable…
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Fiduciary Papers #9: 401(k), Non-Governmental 403(b) Plan Sponsors: Risks from Class Action Claims for Unreasonable Fees
THE IMPACT OF HUGHES V. NORTHWESTERN In early 2022, the U.S. Supreme Court considered a class action lawsuit that was brought against Northwestern University’s retirement plan, which was subject to ERISA’s requirements. The U.S. Supreme Court’s decision addressed the threshold for plaintiffs to get past the “Motion to Dismiss” stage of such litigation when the…
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Ten (TOUGH) Questions You Should Be Asking Your Financial Advisor
HERE IS A DOCUMENT THAT YOU CAN PROVIDE TO YOUR CURRENT, OR PROSPECTIVE, FINANCIAL ADVISOR, TO SEE WRITTEN ANSWERS TO THE TOUGH 10 QUESTIONS. FOLLOWING IS THE TEXT FROM THE FILE, ABOVE, FOR THOSE WHO PREFER TO READ IN THIS MANNER. 10 Tough Questions You Should Ask Any Financial Advisor By Ron A. Rhoades,…