The fundamental principle for professional money management, stated by Judge Samuel Putnum in 1830: "Those with responsibility to invest money for others should act with prudence, discretion, intelligence, and regard for the safety of capital as well as income." Some states which don't have specific legal lists require fiduciaries to uphold the Prudent Investor Act. also called Prudent Investor Act (Rule).
Related information about Prudent Man Rule:
- Prudent man rule - Wikipedia, the free encyclopedia
The Prudent Man Rule is based on common law stemming from the 1830 Massachusetts court formulation, Harvard College v. Amory The prudent man rule ...
- Prudent Man Rule - Legal Dictionary - The Free Dictionary
prudent man rule n. the requirement that a trustee, investment manager of pension funds, treasurer of a city or county, or any fiduciary (a trusted agent) must only ...
- What is Prudent Man Rule? - InvestorWords.com
Definition of Prudent Man Rule: The fundamental principle for professional money management, stated by Judge Samuel Putnum in 1830: Those with ...
- FDIC: Trust Examination Manual
May 10, 2005 ... The Prudent Man Rule is based on common law, stemming from the 1830 Massachusetts court decision -- Harvard College v. Armory, 9 Pick.
- Prudent-Person Rule Definition | Investopedia
A legal maxim restricting the discretion in a client's account to investments that a prudent person seeking reasonable income and preservation of capital might ...
- What is prudent man rule? - BusinessDictionary.com
Definition of prudent man rule: Basic principle for investment decisions by institutional investors and professional money managers. Also called American rule, ...
- prudent-man rule - Invest Definition
prudent-man rule definition: A legal securities standard that asks the question “ What would a prudent man do?” in order to determine whether an action was ...
- ProducersWeb - Life - The Prudent Man Rule
Mar 24, 2010 ... The Prudent Man Rule directs trustees "to observe how men of prudence, discretion, and intelligence manage their own affairs, not in regard to ...