The Foundation Prudent Check up reviews controls, compliance, and potential or existing conflicts of interest on a Foundations Investment Portfolio. A Foundation Prudent Check up is performed by an Accredited Investment Fiduciary (AIF) and CPA and reviews the seven practices on the Global Fiduciary Precepts. Which are:
Seven “Global Fiduciary Precepts”
1. Know standards, laws, and trust provisions 2. Diversify assets to specific risk/return profile of client 3. Prepare investment policy statement. 4. Use “prudent experts” and document due diligence 5. Control and account for investment expenses. 6. Monitor the activities of “prudent experts” 7. Avoid conflicts of interest and prohibited transactions.