The ethics material in cfai texts makes no mention of these 5 fiduciary principles when it discusses the old prudent man rule so i assumed they are brand new for the prudent investor rule. but schweser question five exam 3am answer says “The five general fiduciary standards for a trustee that carry over from the old Prudent Man Rule to the new Prudent Investor Rule are care, caution, impartiality, loyalty, and skill.” schweser wrong about the “carry over” part?
I recall two are carried over and 3 are new?
Okie, that’s how schweser worded Loyalty and impartiality are carried over and care, skill, caution have change significantly
so the 5 principles are present under both its just that care,skill, caution are different while loyalty and impartiality are the same
maybe ur right but i dont see that and im lookin in the cfai text