Prudent Practices for Fiduciary Advisers

As the average age of America's workers rises, competent and ethical investment advice becomes even more critical to helping them reach their investment objectives. The Pension Protection Act of 2006 has created new opportunities for financial advisers and clients alike, establishing, as it does, a safe harbor for professionals to market their services to plan participants, but it has also created some compliance challenges. In response, the Financial Planning Association and Fiduciary360, a recognized leader in fiduciary issues, have collaborated to create a handbook that defines a range of best practices for the financial professional who is advising pension plan participants. These best practices should help all parties comply with the spirit and letter of the new law, and to help the client better understand the fiduciary adviser's role in the sale of other financial products or services. In an easy to implement handbook format, the new Prudent Practices for Fiduciary Advisers not only details practices and criteria, but lists suggested procedures, and substantiates each practice and criteria with citation of applicable laws, case law, and regulations. It offers templates to help the adviser create the necessary disclosure documents and agreement letters. It will be a book you'll want to keep available for reference long after your first reading.