Product Description

A trustee has the duty to make trust property productive, which requires the trustee to oversee the investment and management of the trust’s assets. This program provides an overview of the investment standards and fiduciary duties implicated by a trustee’s investment authority. The faculty review the fundamentals of modern portfolio theory, the Massachusetts Prudent Investor Act, and drafting considerations for trust language affecting a trustee’s investment obligations. Learn about best practices for selecting and working with an outside investment manager, the distinction between directed and delegated trusts, and how directed and delegated structures are implemented in different jurisdictions like Massachusetts and New Hampshire. Finally, this program addresses special fiduciary issues such as socially responsible investing, ESG (environmental, social, and governance) investing, and investing for charitable trusts.

Agenda & Materials

• 9:30 - 9:35 am

  Welcome and Introduction

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  Aimee Fukuchi Bryant, Esq., Fiduciary Trust Company , Boston
  Kelly J. Guarino, Esq., Fiduciary Trust Company , Boston
  
• 9:35 - 9:40 am

  Fiduciary Duties Involved in Investing Trust Property

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  Kelly J. Guarino, Esq., Fiduciary Trust Company , Boston
  
• 9:40 - 9:45 am

  Trustees Acting as Investors: Investment Basics and Portfolio Theory

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  Kelly J. Guarino, Esq., Fiduciary Trust Company , Boston
  
• 9:45 - 10:00 am

  Trustees Acting as Investors: Prudent Investment Standards

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  • Massachusetts Prudent Investor Act
  • Drafting considerations

  Aimee Fukuchi Bryant, Esq., Fiduciary Trust Company , Boston
  
• 10:00 - 10:05 am

  Trustees Acting as Investors: Selecting and Working with an Outside Investment Manager

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  Kelly J. Guarino, Esq., Fiduciary Trust Company , Boston
  
• 10:05 - 10:20 am

  Trustees Acting as Investors: Directed and Delegated Trusts

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  Aimee Fukuchi Bryant, Esq., Fiduciary Trust Company , Boston
  
• 10:20 - 10:25 am

  Trustees Acting as Investors: Special Fiduciary Issues

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  • Principal & Income - Principal & Income Act Adjustment
  • Socially responsible and ESG investing
  • Charitable trusts
  • Specialty Assets

  Kelly J. Guarino, Esq., Fiduciary Trust Company , Boston
  
• 10:25 - 10:30 am

  "Ask the Experts" Q&A Session and Key Takeaways

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  Panel
  

Please Note

MCLE on demand programs are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only through a link included on the on demand program page.

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