Preston McSwain is a repeat contributor to Trusts & Estates, an industry journal for trustees and wealth management professionals serving the needs of high-net-worth clients, family business owners, family offices, charitably inclined donors and non-profit corporations.

How Can Trustees Be Prudently Passive?

It’s not enough to follow someone’s advice to invest in index funds. Actual passivity contradicts the trustee’s duty to act as a prudent fiduciary. Passive investment products are potentially as complex as any other, and prudence demands careful evaluation.
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How to Do Better When Investing for Trusts and UHNW Individuals?

Resist the temptation to invest like endowments, and keep it simple.
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Can I Do Better?

Does “more institutional” with more “alternatives, ” such as hedge funds, mean better? I don’t think so.
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Absolute Value and Transparency

The investment business tends to attract competitive people who like to win, but if you really listen to what clients say, they consistently want goal-oriented advice that simplifies their lives and offers peace of mind about the financial future.
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Are Hedge Funds Prudent for Taxable Investors?

When you put fees and taxes together, you get a sense of just how skilled a hedge fund manager has to be to generate meaningful returns for a taxable investor.
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What Would Yale Do If It Was Taxable?

Invest in index funds.
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