The Prudent Investor Rule

The Prudent Investor Rule sets forth the basic rules governing the conduct of fiduciaries in the management of trust assets. While the legal standards for investment fiduciaries can be traced as far back as an 1830 Massachusetts court case creating the redecessor 'Prudent Man' standard, the Prudent Investor Rule is of much more recent origin.

14 minute read August 31, 2006 at 02:04 PM
By
ALM Staff and Law Journal Newsletters
The Prudent Investor Rule

Philip Greely, the senior partner of a large old-line law firm, was pleased and not terribly surprised when a valued client asked him to serve as trustee of a substantial trust that was being established for the benefit of the client's children.

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