This course is an introduction to the complex world of trust and the fiduciary.Professional fiduciaries are used in a wide variety of financial products, from personal trusts and employee retirement accounts, to project finance and public debt offerings.Fiduciaries have unique and specific responsibilities and operate in a wide range of capacities.Fiduciaries are a key player in the financial industry and understanding their role, duties, and accountabilities is essential to the understanding of financial services.This course will provide an overview of law, regulation, and industry best practices with a focus on products and standards including Prudent Person Theory.
By the end of the course, the participants will be able to:
- Describe, define and explain the role of a fiduciary, a grantor, and a beneficiary
- Apply Prudent Person Theory to fiduciary products.
- Recognize different types of trust and fiduciary capacities
- Determine when it is appropriate to be a fiduciary and when it is not
- Explain the Fiduciary Rule and the Fiduciary Standard
Suggested Prerequisites: None
Program Level: 201 Foundational
Advance Preparation: None
Computers and Financial Calculators: N/A
Recommended CPE Credits: 7
Suggested Additional Follow Up Courses: N/A