Placer County Webinar - The Fiduciary Governance Process, or How to Avoid Being a Knucklehead
Tuesday, May 26, 2020, 11:30 AM - 1:30 PM PDT
Category: Webinar
Click Here to Register Meeting Title: Meeting Description: Identify a process for the development and maintenance of a fiduciary's compliance library. Trustees can reduce their personal risk by creating a compliance library which demonstrates they have fulfilled each of their duties of care under the Prudent Investor Act. Developing this library demonstrates the trustee has acted prudently and in good faith which is a prerequisite to qualifying for the exculpation clause of the state statute. This library will include the following documents which demonstrates the trustee has fulfilled their statutorily defined obligations: • Duty to have a plan – §16047a • Duty to balance risk and return - §16047b • Duty to diversify - §16048 • Duty to pay only reasonable fees - §16050 • Duty to prudently delegate - §16052 Josh started Anodos in 2005 after working as a cog in the investment industrial complex for 15 years. Anodos helps trustees save time, reduce their personal risk, and fulfill their fiduciary duties. We do this by helping the trustee conduct audits of the money managers to whom investment duties have been delegated. Fiduciaries have an affirmative duty to provide ongoing and independent oversight of the money managers. What makes Anodos unique is that we do not manage money or sell insurance. Doing fiduciary audits, benchmarking studies, and performance attribution is all we do. Speaker Name: CEU & MCLE: Meeting Date: Meeting Time: Meeting Price: Management Level of Difficulty: Food and Menu Details: Contact: Lori Cochrane - [email protected] |