Uniform Prudent Investor Act
Fiduciary Requirements of Registered Investment Advisors (Post 1992) / From Wikipedia, the free encyclopedia
The Uniform Prudent Investor Act (UPIA), which was adopted in 1992 by the American Law Institute's Third Restatement of the Law of Trusts ("Restatement of Trust 3d"), reflects a "modern portfolio theory" and "total return" approach to the exercise of fiduciary investment discretion.