Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|The Active Management Value Ratio: Quantifying the 'New' Fiduciary Prudence|
The Prudent Investment Fiduciary Rules
Aug. 5, 2021
"While some would argue that fiduciary prudence can be evaluated on an investment's returns alone, the fiduciary standards set out in the Restatement (Third) of Trusts. (Restatement) 'Prudent Investor Rule' would disagree. Section 90 of the Restatement, more commonly known as the 'Prudent Investor Rule,' emphasizes the importance of cost-efficiency as a factor in the prudence of fiduciary investments. Bottom line -- alpha without cost-efficiency is meaningless."
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