Uniform Prudent Investor Act
The Uniform Prudent Investor Act (UPIA), which was adopted in 1992 by the American Law Institute's Third Restatement of the Law of Trusts ("Restatement of Trust 3d"), reflects a "modern portfolio theory" and "total return" approach to the exercise of fiduciary investment discretion.
Read more about Uniform Prudent Investor Act: Approach, Adoption, Comparison To Prudent Man Rule, Not Adopted By..., Suitability
Famous quotes containing the words uniform, prudent and/or act:
“An accent mark, perhaps, instead of a whole western accent—a point of punctuation rather than a uniform twang. That is how it should be worn: as a quiet point of character reference, an apt phrase of sartorial allusion—macho, sotto voce.”
—Phil Patton (b. 1953)
“While yet it is cold January, and snow and ice are thick and solid, the prudent landlord comes from the village to get ice to cool his summer drink; impressively, even pathetically, wise, to foresee the heat and thirst of July now in January,—wearing a thick coat and mittens! when so many things are not provided for. It may be that he lays up no treasures in this world which will cool his summer drink in the next.”
—Henry David Thoreau (1817–1862)
“To act collectively is according to the spirit of our institutions.”
—Henry David Thoreau (1817–1862)