The Uniform Prudent Investor Act (UPIA) codified the key process requirements of trustees for the management of trust assets. Unlike the previous prudent man requirements, UPIA looks to modern portfolio theory (MPT) to provide a theoretical framework for making investment decisions. However, MPT is an abstract mathematical model that doesn’t incorporate the practical and operational issues faced by fiduciaries. Understanding this framework is the core concept from which ...

All Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on, and Trusts & Estates plus iPad app.

Already registered? here.