Hope

For at least two years, fiduciaries have been chewing on three major issues that threaten to choke them: the courts' misinterpretation of the Uniform Prudent Investor Act's (UPIA's) requirement for portfolio diversification, the Internal Revenue Service's interpretation of the deductibility of investment advisory fees (IAFs) and, for corporate fiduciaries, the compliance requirements of the U.S. Patriot

For at least two years, fiduciaries have been chewing on three major issues that threaten to choke them: the courts' misinterpretation of the Uniform Prudent Investor Act's (UPIA's) requirement for portfolio diversification, the Internal Revenue Service's interpretation of the deductibility of investment advisory fees (IAFs) and, for corporate fiduciaries, the compliance requirements of the U.S. Patriot Act.

At long last, fiduciaries have reason to hope for a little relief:

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