Investment Advisor Monitoring Articles
Don’t let 2023 bring about a trustee breach lawsuit
The performance of liquid assets in many trusts was dismal in 2022 and likely fell short of expectations projected by the trusts' investment advisors. If so, some trustees are going...
Investment Governance Overview: Is my investment advisor doing a good job?
The Problem It’s difficult to answer the question, “Is my investment advisor doing a good job?” Predictably, all investment advisors report that they are “doing great” and are “above average.”...
A Trustee’s Duty to Independently Monitor Delegates UPIA §9(a)(3)
The Uniform Prudent Investor Act at Section 9(a)(3) directs, "A trustee shall exercise reasonable care, skill and caution by periodically reviewing the agent’s actions in order to monitor the agent’s performance...
Investment Advisor Annual Review (Duty to Monitor)
A trustee has a duty to act prudently when they delegate investment responsibilities to third parties. One of these duties is "…establishing the scope and terms of the delegation, consistent...
A Trustee’s Duty to Monitor Investment Agents
Duty to Monitor Investment Agents: Section 9(a)(2,3) of the UPIA directs that a trustee shall establish “… the scope and terms of the delegation, consistent with the purposes and terms...
Trust But Verify: Do Private Equity and Hedge Funds Deliver Superior Risk-adjusted Returns?
For several decades, the investment industry has promoted the virtues of hedge funds and private equity funds for large instructional investors and ultra high net worth individuals. But over the...
A Business Manager’s Duty to Monitor the Risk and Return of their Clients’ Investment Portfolios
The Problem: You are a business manager and it is either explicitly or implicitly the case that you are responsible for monitoring the activities of the investment managers that have...
Duty to incur reasonable investment costs
Duty to Pay Only Fair Fees: Section 7 of the UPIA directs, "In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation...
