Uniform Prudent Investor Act
Fiduciary Requirements of Registered Investment Advisors (Post 1992) / From Wikipedia, the free encyclopedia
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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.