Prudent Practices for Investment Advisors and Investment Stewards
  • Home
purple pen on business graphs

Prudent Practices for Investment Advisors and Investment Stewards

Dec 05, 2017 · 1 min read





A fiduciary has a legal duty to act solely in the best interests of the beneficiary. While an accountant normally is not considered to be a fiduciary to his or her clients, the AICPA Professional Code of Conduct embodies standards of conduct which are closely analogous to a fiduciary relationship—objectivity, integrity, free of conflicts of interest and truthfulness. Accountants who provide audit services cannot be held to a fiduciary standard given their duty to the public.

Courts have found that

Download the Prudent Practices for Investment Advisors

File name: handbook-advisors.pdf

Download the  Prudent Practices for Investment Stewards

File name: handbook-stewards.pdf

Download the Legal Memorandums for Prudent Investment Practices

File name: legal-memoranda-2011.pdf

Reserved for PFP Section members

Already a PFP Section member?

Log in with your AICPA account
Forgotten email
Forgotten password

Not a PFP Section member?

Discover the benefits of AICPA membership and Personal Financial Planning Section membership. To gain access to exclusive content, your first step is to join the AICPA.

Related content