Tim Hatton

The New Fiduciary Standard

The 27 Prudent Investment Practices for Financial Advisers, Trustees, and Plan Sponsors

• Gebundenes Buch

Produktbeschreibung

Finally, a clear guide to fulfilling your fiduciary responsibility Here, for the first time, The New Fiduciary Standard * Clarifies the fiduciary requirements facing today's financial advisers and plan sponsors * Incorporates and expands on the Five Steps and 27 Prudent Practices articulated by the Foundation for Fiduciary Studies * Explains in detail, with research findings and real-world illustrations, this the only widely accepted method for ensuring that your advice to clients fulfills the letter and spirit of a fiduciary's duties * Includes guidelines and sample documents--plus a valuable review of portfolio theory Long anticipated, much needed, The New Fiduciary Standard walks professionals you through an organized process for making informed, consistent, and defensible investment decisions. "The New Fiduciary Standard helps fiduciaries understand the practical application of their duties, provides a range of reference materials, encourages fiduciaries to adhere to a higher standard, and breeds a high expectation for achievement for both fiduciary and their client." --From the AICPA's Note to the Reader

Produktdetails

• Verlag: Wiley
• Seitenzahl: 192
• Erscheinungstermin: 1. Mai 2005
• Englisch
• Abmessung: 220mm x 147mm x 21mm
• Gewicht: 435g
• ISBN-13: 9781576601839
• ISBN-10: 1576601838
• Artikelnr.: 21562427

Autorenporträt

Tim Hatton, a Certified Financial Planner practitioner and Certified Investment Management Analyst, earned the designation of Accredited Investment Fiduciary at the Center for Fiduciary Studies, the nationally recognized training organization affiliated with the Foundation for Fiduciary Studies. He is founder and president of Hatton Consulting Inc., a registered investment adviser, in Phoenix. Prior to starting that firm, he served thirteen years with Morgan Stanley, most recently as senior vice president of investments. He holds a BS in Business Administration from the University of Arizona.

Inhaltsangabe

Foreword (Donald B. Trone).

A Summary of the Five Steps and Twenty-Seven Practices.

Preface.

Acknowledgments.

Introduction.

PART ONE: MODERN PORTFOLIO THEORY.

Chapter One: Early Years.

Chapter Two: Practical Applications.

PART TWO: THE FIVE STEPS AND TWENTY-SEVEN PRACTICES.

STEP ONE: Analyze Current Position: Practices1.1-1.6.

STEP TWO: Diversify--Allocate Portfolio: Practices2.1-2.5.

STEP THREE: Formalize Investment Policy: Practices3.1-3.7.

STEP FOUR: Implement Policy: Practices 4.1-4.4.

STEP FIVE: Monitor and Supervise: Practices 5.1-5.5.

APPENDIX I: Sample Investment Policy Statements.

APPENDIX II: Subsequent Performance of Mutual Funds: PastWinners' Uncertain Future.

NOTES.

Continuing-Education Exam for CFP Continuing-Education Creditand PACE Recertification Credit.

INDEX.

Rezensionen

"Tim Hatton tells fiduciaries exactly what they need to know anddoes so with clarity and care."
--Burton G. Malkiel
Author, A Random Walk Down Wall Street

"Every financial professional should have Tim Hatton's TheNew Fiduciary Standard on the desk. It will assure clients thattheir adviser has a commitment to the highest professionalstandards."
--L. William Seidman
Chief commentator, CNBC
Former Chairman, Federal Deposit Insurance Corporation (FDIC)

"At last! A book that actually helps fiduciaries apply prudentfiduciary investment standards in a practical way. I stronglyrecommend that all those who have an interest in modern prudentfiduciary investing--trustees of 401(k) plans, charitablenonprofits, private family trusts, and public employee retirementplans--pick up a copy of Tim Hatton's excellent book, TheNew Fiduciary Standard, and employ its teachings."
--W. Scott Simon, J.D., CFP, AIFA
Author, The Prudent Investor Act: A Guide toUnderstanding

"If you could recommend only one book to a financial adviser, itwould be Tim Hatton's The New Fiduciary Standard. It willchange them forever. Pandora's box has been opened, never to beclosed again."
--Stephen C. Winks
Founder, The Society of Fiduciary Advisors
Founder, Senior Consultant (www.SrConsultant.com)

"Tim Hatton has captured the essential essence of thefundamental requirements of fiduciary responsibility. His practicalcase-study approach to the application of the 27 Practicesidentified by the Foundation for Fiduciary Studies, in aneasy-to-understand style, is a must-read for anyone havingresponsibility for 'other people's money.' His explanation of thehistory and evolution of the current body of knowledge applicableto what has become the 'Fiduciary Standard' is usefulfor both the novice and experienced professional at every level ofadvice giving."
--Clark M. Blackman II, CPA/PFS, CFA, CIMA, CFP/AAMS
Partner and Chief Investment Officer, Investec Advisory Group,L.P. (Houston)

"For those of us who are beneficiaries or trustees, or whoadvise them, Tim Hatton's The New Fiduciary Standard offersus a way to exercise our fiduciary investment responsibilities, orto advise on them, with excellence. We have long needed such arepository of investment practices to help us make the promises ofthe Prudent Investor Rule come true. Now we have it with Hatton asour guide!"
--James E. Hughes Jr., Esq.
Author, Family Wealth--Keeping It in theFamily