Understanding Fiduciary Principles
Course Number: ABA
Course Code: ABA
Covers an expansive view of what it means to be a fiduciary, grounded in the intention of the Prudent Investor Rule. Compares different existing “fiduciary standards” and how to describe the value of working with a fiduciary wealth advisor. Includes clear distinctions between serving clients through a process vs. a product-based or suitability-based approach to selling.
What You’ll Learn
After completing this course, students will be able to:
- Describe the legal implications for fiduciaries and their principal duties
- Explain the fiduciary standards, rules and acts, and who they apply to
- Examine the Prudent Investor Rule and how it applies to fiduciary asset management
- Describe the fiduciary responsibilities under the Uniform Trust code and OCC Reg 12 CFR 9
Audience: Fiduciary [trust] advisors, planners and team leaders with at least one year of wealth management-related experience seeking a deeper understanding of what it means to be a fiduciary and the array of fiduciary rules governing activities.