Prudent Practices®
Build a foundation for earning clients’ trust. Develop, implement, and monitor investment strategies that meet the highest standard of care.
The complete guides for professional fiduciaries
Prudent Practices® handbooks explain what your fiduciary responsibility is depending on your role.
Access key steps, practices, criteria, and commentary – all substantiated by legal statutes, case law, regulations, and regulatory guidance.
Advisors
For professionals who provide investment advice, including wealth managers, financial advisors, trust officers, investment consultants, financial consultants, financial planners, and fiduciary advisors.
Managers
For those who have discretion to select specific securities for separate accounts, mutual or exchange-traded funds, commingled trusts, and unit trusts.
Stewards
For professionals with a legal responsibility for managing investment decisions, such as trustees and investment committee members.
Frequently asked questions
The Prudent Practices® are a globally recognized set of fiduciary best practices that help investment professionals meet their legal and ethical responsibilities. They define clear steps for managing investments with care, loyalty, and transparency while ensuring fiduciary integrity and accountability.
The Prudent Practices® form the basis of Broadridge’s fiduciary training programs, helping students learn and apply best practices for acting as investment fiduciaries. They also guide our fiduciary tools, including the Fiduciary Focus Toolkit®, enabling advisors to efficiently implement fiduciary best practices for their clients.
The Prudent Practices® are organized under a four step Fiduciary Quality Management System (FQMS): Organize, Formalize, Implement, and Monitor. This structure builds consistency and legal defensibility, helping fiduciaries show procedural prudence and meet a recognized fiduciary standard of care.
The Prudent Practices® Handbooks are written for experienced fiduciaries, including Advisors, Managers, and Stewards. Each handbook offers tailored guidance for those roles, helping professionals apply fiduciary principles consistently and maintain compliance with established standards.
You can download a free reference guide that summarizes fiduciary principles and best practices advisors can apply to their work.