Course Number: SBAE 6492 (1.50 CEUs/15 Hours)
The trustee who manages and invests the assets of a trust is subject to legal codes calling for prudence and consideration of the purposes, terms, distribution requirements, and other circumstances of the trust. The primary legal code to which trustees and many other fiduciaries are subject to is the Uniform Prudent Investor Act, which requires trustees to follow modern portfolio theory and implement sophisticated approaches to investment that take into account the proper risk to return ratios. Whether management of the portfolio is partially or completely delegated to an agent, the trustee is obliged to use reasonable care in the selection and oversight of the agent. The trustee must therefore be familiar with standard practices and laws governing the proper management of the trust investment assets. This course provides a detailed discussion of the requirements of the Uniform Prudent Investor Act pertaining to portfolio management as well as acceptable practices within the context of the code and the need to consider general economic conditions, tax consequences, the need for liquidity, and preservation of capital. Class lectures and discussion also provide a review of the basic mechanics of forming and implementing an investment strategy.
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Instructor: J. Lau, B.S., Accounting from Brigham Young University. President / Chief Investment Officer at Prudent Investors Network, Inc.; T. Ong, MBA from Brigham Young University. CEO at Prudent Investors Network, Inc.
Course part of: Fiduciary Trustees Certificate | CSUF
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Optional: "McGovern California Probate Code Annotated," (latest edition), ISBN number 9798350200621. The annotated version is preferred because of the footnotes. You are also welcome to search by topic or code at http://leginfo.legislature.ca.gov/ or http://leginfo.legislature.ca.gov/faces/codesTextSearch.xhtml