Trustee Fiduciary Duties Uniform Prudent Investor Act (UPIA)

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Loyalty vs. Prudence

2 mins
Exculpation Clause

12 mins
Compliance Library

20 mins
Bear Market contingency

31 mins
Monitor the agent

49 mins

Course Description

It’s hard to be a trustee and the number of CPAs being asked to serve as trustees is rising. Many CPAs wonder "What can I do to limit my personal risk as I serve in this fiduciary capacity?"

A Trustee can reduce their personal risk by creating a governance plan which demonstrates they have fulfilled each of their duties of care. Developing a record that these policies and procedures have been fulfilled demonstrates the trustee has acted prudently and in good faith which is a prerequisite to qualify for the exculpation clause of the state statute. This online CPE trust webinar compliance library will demonstrate that the trustee has fulfilled their duties of care.

This online CPE webinar for CPAs discusses the Trustee’s Duties of Care under the Uniform Prudent Investor Act (UPIA):

Fiduciary Governance Best Practices
Duty to prudently administer the trust.
Duty to establish return objectives.
Duty to establish risk expectations.
Duty to Investigate conflicts of interest.
Duty to Diversify the trust assets.
Duty to pay only fair fees.
Duty to prudently select and delegate investment functions.
Duty to independently monitor.

Click to access more webinars on Free Ethics Courses | Free CPE Courses | SHRM – HRCI Courses

Learning Objectives

To review fiduciary duties of care under Uniform Prudent Investor Act.
To identify the elements of a Fiduciary Governance process.
To outline the work product to be included in a trustee’s compliance library for each duty of care.

Recommended For

This Online CPE webinar is recommended for CPAs, TEPs, and Other Professionals who desires to support their clients serve as a fiduciary

Who Should Attend?

Accountant
Certified Public Accountant (CPA)
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Trust & Estate Specialist
Trust & Estate Tax Professional
Young CPA

Course Qualification

Webinar Qualifies For

1 CPD Credit for Trust and Estate Practitioners (TEP)
1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)
1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1 CE Credit for Certified Wealth Strategist (CWS)
1 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

1
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Josh Yager, Esq., CFP, ChFC, CLU, Esq., CFP®, ChFC®, CLU®

Principal, Anodos Advisors

Josh Yager is a recognized expert on the management and oversight of trust assets. He lectures and writes extensively on the policies, procedures, and practices for the prudent administration of trusts. He has been invited to speak to various Bar associations, CPA chapters, estate planning councils, Professional Fiduciary Association forums and AICPA national events. Josh has testified on prudent governance practices before in the California Courts, the Texas Pension Review Board and the Alaska Retirement Management Board. Josh has led governance consulting engagements for the boards of public pension funds responsible for assets in excess of $30b, foundation and endowment boards with assets in excess of $250m and for individual trustees with modestly funded trusts.

About Company

Anodos Advisors

anodosadvisors.com/

Anodos has been providing fiduciary governance consulting to trustees since 2005, helping trustees reduce their personal risk and fulfill their fiduciary duties by developing and maintaining governance policies, procedures and practices which demonstrates the trustee has fulfilled each of their duties of care. Frequent areas of engagement include trustee fee studies, independent audits of investment managers/consultants, manager search engagements, expert testimony regarding trustee’s duties of care, performance audits (benchmarking studies), litigation and trial preparation. What makes Anodos unique is that governance consulting is all that we do. We do not manage money, sell insurance, or receive referral fees. Truly independent evaluation and governance support is all we do. We don’t have a horse in the race.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.