Fiduciary Essentials™ (FE™)Training Program
Fiduciary Essentials for Stewards:
Seven Principles Every Fiduciary Must Know
A fiduciary manages the assets of another person and is required by law to always act in the best interests of his/her client, beneficiary, or retirement plan participant. Yet many fiduciaries are not aware of their duties and responsibilities, let alone educated on how to fulfil those duties to the standard of care required by law.
Fiduciary Essentials™ for Investment Stewards instructs trustees, investment committee members, advisors, attorneys and accountants on how they can improve their fiduciary services and minimize liability.
The FIDUCIARY ESSENTIALS™ Training Program is a one day classroom-based course, designed by fi360®, which covers all of the components of a comprehensive investment process and related standards of care. Successful completion of the program is recognized by the awarding of a Certificate of Completion and allows participants to apply for membership to the Fiduciary Academy ™.
fi360’s Seven Global Fiduciary Precepts
The core legislative and regulatory acts that govern the conduct of all investment fiduciaries (ERISA, UPIA, UPMIFA, MPERS) have seven essential principles common to all of them. The Fiduciary Essentials course teaches Investment Stewards these seven global fiduciary precepts, and how they can use them to better understand and manage their fiduciary role.
The Fiduciary Essentials course also provides a unique overview of the following area:
- Fiduciary standard of care
- Investment Policy Statements
- Key documentation for fiduciary purposes
- Self Assessment of Fiduciary Excellence
- Monitoring investments on an ongoing basis
- Identify when an organization or individual may be deemed to have fiduciary status;
- Define fiduciary excellence;
- Assess the extent to which an organization conforms to a fiduciary standard of excellence; and
- Identify actions to confirm to fiduciary excellence.
MAXIMIZE your effectiveness in meeting the needs of those who depend on you.
MINIMIZE risk of liability by adhering to a defined fiduciary standard of care substantiated by legislative acts, case law and regulatory opinion letters.
Fiduciary Essentials™course participants come from a variety of professions, including: