Trust Investments: A Guide to Trustee Duties & Liability Under the UPIA

May 28, 2014

Wiggin and Dana Partners Dan Daniels and Steve Malech presented a webinar sponsored by the Professional Education Broadcast Network which provided an overview of the investment duties of trustees.

Topics discussed included:

  • Trustee investment duties, standards of care and liability
  • Modern Portfolio Theory – defining risk/reward, "total returns," passive v. active investing & asset allocation
  • Balancing diversification and concentrated positions, including family businesses & when diversification is the wrong choice
  • Practical application of duties of loyalty and impartiality, and the duty to minimize costs
  • Determining when it is appropriate to delegate investment decisions to professionals – plus, related liability issues
  • Best practices for administering trust investment decisions

Click below to listen to the entire presentation