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Loyalty vs. Prudence2 mins
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Exculpation Clause12 mins
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Compliance Library20 mins
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Bear Market contingency31 mins
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Monitor the agent49 mins
Published: August, 2021
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):
Click to access more webinars on Free Ethics Courses | Free CPE Courses | SHRM – HRCI Courses
This Online CPE webinar is recommended for CPAs, TEPs, and Other Professionals who desires to support their clients serve as a fiduciary
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.
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.
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.
5 Ratings
1 Credit
Subject Area
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