Fiduciary Investing

About This Course

The Fiduciary Investing course delves into the intricacies of investing within the context of trusts, focusing on the challenges and considerations that arise when balancing the needs of present and future beneficiaries. This course provides a comprehensive exploration of the critical aspects of fiduciary investing as part of an effective estate plan.

Participants explore the unique aspects of investing for trusts, the importance of principal and income accounting, the tax implications of irrevocable trusts, and guidance for fiduciary investment managers.

Course Outline

Material is divided into 4 content modules with knowledge checks.

• Section 1: How is Investing for Trusts Different?
• Section 2: Why Principal & Income Accounting Matters When Investing in Trusts
• Section 3: Income Taxation of Irrevocable Trusts
• Section 4: Guidance for the Fiduciary Investment Manager

Course Instructor

Daniel A. Smith, CFP®, CWS®

As a dedicated professional, Daniel Smith believes that everyone deserves sound advice and exceptional service. With his extensive real-world experience, Daniel brings a spirited approach to his instruction, helping advisors put their knowledge into immediate, practical use to better serve their clients. His expertise lies in sales and relationship management skills, which he seamlessly integrates with the complexities of estate planning, estate taxation, charitable giving, and investment management. By doing so, Daniel empowers advisors to effectively guide wealthy clients and their families in achieving their goals.

Before joining Cannon, Daniel spent years as a client-facing advisor in the Wealth Management and Trust business. His 25 years of experience with Cannon have further enriched his knowledge, as he constantly interacts with top financial advisors and wealthy individuals across the globe, incorporating best practices into his teachings.

A sought-after speaker, Daniel frequently presents at financial services firms and conferences worldwide, covering topics such as sales, exceptional service, estate planning, taxation, and industry trends. His insights have been featured in numerous publications, including Trusts & Estates and Registered Rep magazines. As the leader of Cannon Trust School, the largest trust school in the country, Daniel continues to make a significant impact on the industry. His consulting work spans distance-based learning solutions, private family wealth consultation, and expert witness services.

Who Should Enroll and Why

Trust Officers and Administrators will benefit greatly from this course as it provides a deep understanding of the unique aspects of investing within trusts. By exploring the intricacies of principal and income accounting, income taxation of irrevocable trusts, and guidance for fiduciary investment managers, you will gain the knowledge and skills necessary to make informed investment decisions and effectively manage trust assets. This course will enhance your ability to balance the needs of present and future beneficiaries while navigating the complexities of fiduciary investing.

Financial Advisors and Wealth Managers will benefit from this course by gaining a deeper understanding of the unique aspects of investing for trusts. By exploring the intricacies of principal and income accounting, income taxation, and fiduciary investment management, you will be better positioned to provide tailored investment advice to your clients. This course will enhance your ability to create investment strategies that align with the specific needs and goals of trust beneficiaries.

Fiduciary Investment Managers will find this course essential in enhancing the knowledge and skills necessary in managing trust investments. By gaining a comprehensive understanding of the challenges and best practices involved in fiduciary investing, you will be better equipped to make informed decisions and navigate the complexities of trust investments. This course will provide valuable insights and guidance on effectively balancing the needs of present and future beneficiaries while adhering to fiduciary responsibilities.

Professionals Involved in Trust and Estate Planning, such as accountants, tax advisors, and paralegals, will benefit from this course by gaining a holistic understanding of fiduciary investing. By exploring the critical aspects of trust investments, including principal and income accounting, income taxation, and fiduciary investment management, you will be better equipped to support your clients and collaborate with other professionals in creating effective estate plans. This course will provide you with the knowledge and insights necessary to contribute to the overall success of trust and estate planning.

Education Credits

This course qualifies for the following CE credits:

• AFIM® CE: 2.5 HRS
• CFP® CE: 1 HR
• CWS® CE: 2.5 HRS
• FIRMA® CE: 2.5 HRS
• CRPP™ CE: 2.5 HRS

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