Attention: All Investment Stewards
“Those bound by fiduciary ties…are held to something stricter than the morals of the marketplace…a tradition unbending and inveterate…a level of conduct…higher than that trodden by the crowd.”
N.Y. Chief Justice Benjamin N. Cardozo, 1928
The concept of fiduciary duty has a long history, going back eight centuries under English common law. Fiduciary duty is essentially a legal relationship of trust between two parties, most commonly a fiduciary or trustee and a principal or beneficiary, who justifiably reposes confidence, good faith, and reliance in the trustee. The fiduciary must act at all times for the sole benefit and interests of another, with loyalty to those interests.
It has been said, and many would argue rightly so, that fiduciary duty is the highest duty known to the law.
At Plancorp, we manage the investment relationship for a number of foundations and endowments. As a registered investment advisor founded in 1983 and managing over $2.888 billion in client assets, we are well suited to handle the intricacies and the responsibilities of working with fiduciaries. Our passive, academic-based investment philosophy along with our certification as one of the first investment advisors globally to successfully complete the independent certification process for admittance as a registered fiduciary to the Center for Fiduciary Excellence, makes us well qualified to work with both those who serve as trustees of personal trusts along with investment committee members of retirement plans, foundations and endowments.
The following link titled Self-Assessment of Fiduciary Excellence for Investment Stewards can serve as a way for you to gauge where your organization is relative to fiduciary compliance.
Please let us know if you would like to learn more about how we can not only work with your organization to eliminate your concerns relating to fiduciary compliance…but also how our low cost, passive investment philosophy can produce superior market returns over time. More information about Plancorp’s investment philosophy is available on this website.
Click for more detailed information on the Fiduciary Standards.