Books

Until publication of The Prudent Investor Act: A Guide to Understanding in 2002, fiduciaries (and their advisors) really didn’t have a practical guide from which to get even a basic understanding of the prudent conduct required of them. This comprehensive book, authored by one of our advisors, fills that need. The book describes and explains the prudent investment and management process that fiduciaries must ordinarily establish and follow.

The Uniform Prudent Investor Act is now law in 44 states, the District of Columbia and the U.S. Virgin Islands. The standards of the Act bear on the investment conduct of a wide variety of fiduciaries responsible for investing and managing the assets of 401(k) plans and other ERISA-governed retirement plans, charitable non-profits such as foundations and endowments, and private family trusts.

This book is required reading for trustees, attorneys, accountants, financial planners, investment advisors, bankers, stockbrokers, judges and regulators. Serious individual investors can also benefit from reading the book as well as anyone else interested in modern prudent fiduciary investing.

One of our advisors has written another book, Index Mutual Funds: Profiting from an Investment Revolution. The book (with a foreword by Vanguard founder John C. Bogle) is a comprehensive guide to the many benefits and appropriate uses of passive investing.