An 1830 Massachusetts Supreme Court ruling says that fiduciaries like us must exercise due care and skill, and look after the money as if it were their own.

Many advisors claim they do, but only a fiduciary is required by law to invest assets under the prudent man rule which requires they:

1. Keep the needs of the client above all else.
2. Preserve and protect capital.
3. Judge each investment on its merit.
4. Avoid speculative or risky investments.