Professional Standards Guide for
Investment Management Consultants
Published in June 2005 this new resource for APIC members will provide broad based guidance on the key professional standards that all investment management consultants should follow. Building on the excellent work of the Foundation for Fiduciary Studies “Prudent Investment Practices Handbook”, which is designed to assist clients the APIC Guide is useful for educating your staff and clients about the standards by which practice will operate in.
The Standards includes the following information:
- APIC Core Values
- APIC Ethics Statement
- Explanation of the following 8 Standards
- Standard 1 - Professional responsibilities to clients
- Standard 2 - Client goals and consulting process provisions
- Standard 3 - Compensation, third-party affiliations, and full disclosure
- Standard 4 - Client confidentiality and privacy policy
- Standard 5 - Fair and accurate communication, and the avoidance of plagiarism and other forms of intellectual property theft
- Standard 6 - Maintenance of the highest ethical standards and best professional practices
- Standard 7 - Reasonable supervision of others
- Standard 8 - Continuing education and recognition of skills limitations
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