Sunday, August 24, 2014
A revised edition of Prudent Practices for Investment Advisors has been published by fi360. This handbook walks investment professionals through a four-step process for advising clients on investment decisions. Here is a description of the handbook from the authors’ website:
The Prudent Practices for Investment Advisors are for professionals who are responsible for providing investment advice and/or managing investment decisions, including wealth managers, financial advisors, trust officers, financial consultants, investment consultants, financial planners, and fiduciary advisers.
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Each Practice has been substantiated by applicable legislation, regulation, and/or case law to ensure compliance. Full citations, as well as detailed Criteria, narrative discussion, practical application, and suggested procedures can be found in the Prudent Practices for Investment Advisors handbook . . . .