Investment Governance Blog

How much is too much for a trustee to be paid? (Part 2 of 3)

How much is too much for a trustee to be paid? (Part 2 of 3)

Duty: Section 7 of the Uniform Prudent Investor Act directs that “… a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the...
trustee-fee-stickman

How much is too much for a trustee to be paid? (Part 1 of 3)

Duty: Section 7 of the Uniform Prudent Investor Act directs that “... a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes...
How did you do this year

Duty to Monitor the Total Return of a Trust Portfolio

Statutory Considerations: Section 2(c)(5) of the Uniform Prudent Investor Acts directs that “Among that a trustee shall consider in investing and managing trust assets are… the expected total return from...
Investigate

A trustee’s duty to investigate conflicts of interest

Duty to Investigate: Section 2(d) of the UPIA directs, “A trustee shall make a reasonable effort to verify facts relevant to the investment and management of trust assets.” In response to this...
Duty re Liquidity or “What’s the Game Plan?”

Duty re Liquidity or “What’s the Game Plan?”

Statutory Considerations: Section 2(c)(7) of the Uniform Prudent Investor Act directs that, “Among circumstances that a trustee shall consider in investing and managing trust assets are… needs for liquidity, regularity of income,...
Risk-1

A Trustee’s duty to monitor the risk within the trust portfolio

Duty to Establish Risk Expectations:  Section 2(b) of the Uniform Prudent Investor Act directs that “A trustee's investment and management decisions respecting individual assets must be evaluated not in isolation but in...
Lemming

A trustee’s duty to establish return objectives or “Don’t be a lemming”

Duty to Establish a Target Return:  Section 2(b) of the Uniform Prudent Investor Act directs, “A trustee's investment and management decisions… must be evaluated… as a part of an overall...
If you dont know where you are going...

Trustee’s duty to develop an administrative plan or “If you don’t know where you are going you might end up somewhere else.”

Duty to Develop a Plan: Section 2(a) of the UPIA directs, “A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution...
Trustee Checklist

Duty to Prudently Administer or “Check, check, double check, recheck” (1 of 12)

Duty of Prudence: Section 2(a) of the Uniform Prudent Investor Act directs, "A trustee shall administer the trust as a prudent person would…"  But how is one to know how...