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Impact investing is a process designed to align environmental, social, governance, and faith-based goals with an investment portfolio. Most impact investing is done by endowments and foundations, whose dual mind-set [...]

The Uniform Prudent Investor Act (UPIA) was promulgated by the Uniform Law Commissioners in 1994 and shortly thereafter enacted into law by nearly all states. The commentary to Section 3 [...]

In Brief CPAs have a tremendous responsibility to provide individuals with timely and accurate information, especially in the realm of life insurance and estate planning. The authors examine issues related [...]

With the adoption of the Uniform Prudent Investor Act (UPIA), promulgated by the National Conference of Commissioners on Uniform State Laws in 1994, a broadened and diversified world of investing [...]

The National Conference of Commissioners on Uniform State Laws approved the Uniform Prudent Investor Act (the "Act") in 1994, and a majority of the states have since adopted it in [...]

The legal duties of fiduciaries and financial advisors to appropriately manage the risk of a concentrated single stock position are much broader and expanding more rapidly than most fiduciaries and [...]

As new legislation begins to take effect--specifically, the Uniform Prudent Investor Act (UPIA) and the Revised Uniform Principal and Income Act (UPAIA)--trustees are under increasing pressure to exercise best practices [...]

In a life settlement a life insurance policy on the life of a healthy senior is bought, with the buyer paying the premiums and expecting to realize the eventual benefit. The author traces the effects of this business on the fiduciary duties of life insurance trustees.

The author discusses the a Supreme Court ruling that broadened the potential civil liability exposure of non-fiduciary advisors, such as unions, attorneys, and accountants, under ERISA benefit plans. The possible impact of the Uniform Prudent Investor Act, which as been adopted in many states, is also covered.

The authors discuss investment management options for charitable and other trusts in light of the Uniform Prudent Investor Act.

The authors discuss the influence that provisions of the Uniform Prudent Investor Act will have on trust planning and administration.

Fiduciary duty issues concerning trust-owned life insurance policies are examined with a focus on the Uniform Prudent Investor Rule. The author suggests that trust law is in need of modernization to provide adequate guidance to trustees.

Byline: Melanie L. Fein Robo-advisers are new in the financial marketplace. They serve investors who are comfortable investing through the Internet but still feel the need for investment guidance. Robo-advisers [...]

Alan Brown resigned as group CIO of State Street Global Advisors effective March 18. He was based in London. Sources speculated his departure was related to the January appointment of [...]

New rules for centuries-old problem Probably the most significant development in trust investment standards in this country in the last decade has been the introduction of the 'Prudent Investor Rule' [...]

The Gift That Keeps You Growing Endowments mean endurance for the long-distance runners of the non-profit world, a planned giving expert explained. 'Slow and steady wins the race,' said Philip [...]

CPAs and estate planning attorneys are often asked to review individuals' life insurance portfolios. In the event they act as trustees, this evaluation is required by the Uniform Prudent Investor [...]

Final regulations concerning the definition of trust income have been promulgated by the IRS, addressing many state law changes affecting trust accounting income. New York State, as part of its [...]

The full deduction of fees incurred by a trust for investment advice has been the subject of a number of court cases. The issue concerns the application of the 2% [...]

Trustees have become more cautious as they reel from 2008's market meltdown by pulling back from stocks and loading up on bonds. These trustees are obligated under the Uniform Prudent Investor Act to invest in accordance with conservative terms. Bond investments can provide liquidity but many trusts are also keeping more liquidity on hand.

CPAs should be aware of important changes in trustee accountability. The Uniform Laws Commission (see Exhibit 1) has introduced two new model statutes that change the statutory responsibilities of trustees [...]