Resources

• Prudent Management of Investment Risk – 1 page Summary of Legal Requirements:  Restatement (3rd)
• Uncompensated Risk: The Orphan of Modern Portfolio Theory, by Precision Fiduciary Analytics, Published in AICPA Tax Advisor, June 2017
• Presentation to the CalPERS Administrative Board of Directors regarding their Breach
• https://precisionfiduciary.com/notdiversified/  Pandemic Market Decline Recovery ‘Free Lunch’ Example
• Measurement of Removal of Uncompensated Risk in the Portfolios of Five California County Public Employee Pension Plans
• The OverWatch Fiduciary Liability Exposure Check-upList.   Practice aide                                                          
• The Dangers or Ignoring Uncompensated Risk AICPA WEBINAR (includes calculations to evaluate)
• News Release  AICPA TEAMS UP WITH PORTFOLIO DIVERSIFICATION INSTITUTE
• Un-Measured Is Un-Managed  FLDUCIARY ASSN. OF CALIFORNIA
• Fiduciary Liability Exposure Check-up PRACTIC AIDE FOR YOUR USE
•  Sample Scatter Graph Illustration  EDUCATIONAL TOOL (clients and staff)
• The Unavoidable Pension Crisis, by Lance Roberts of Real Investment Advice, May 15, 2017
• Uncompensated Risk: The Orphan of Modern Portfolio Theory, by Precision Fiduciary Analytics, Published in AICPA Tax Advisor, June 2017
• Measurement of Removal of Uncompensated Risk in the Portfolios of Five California County Public Employee Pension Plans
• White Paper, “The Step-Child of Modern Portfolio Theory: Uncompensated Risk,” by Precision Fiduciary Analytics
• http://precisionfiduciary.com/FreeLunch/ “THERE IS SUCH A THING AS FREE LUNCH”
• “Uncompensated Risk & Diversification Analysis Report For the 1-YearPeriod Ended on February 19, 2016 of Selected  ROBO Portfolios
• http://precisionfiduciary.com/AICPA2019Webcast/ Presentation at AICPA PFP Conference, “Why Inadequate Diversification Causes Most Fiduciaries to Breach their Fiduciary Duties,” January 16, 2016
• 3rd Restatement Trust on Diversification
• Link: Report to Board of Directors of San Diego County Employee Retirement Association, “ProForma Investment Exposure Portfolio, February 28, 2015 with a Preliminary Assessment Report, Back-Testing and Evaluating Uncompensated Risk Removal,”\  Stewart Frank, CPA/PFS, AIFA and J. Ben Vernazza, CPA/PFS, TEP (UK) emeritus.
• Article on the latest methodology regarding reduction of uncompensated risk: “Diversification-Weighted Performance Evaluation,” January 27, 2015, James Damschroder
• One of the earlier articles to address reduction of uncompensated risk, April 11, 2008, Geoff Considine. “What is Diversification Worth?”
• http://precisionfiduciary.com/Tibble2015/  TIBBLE VS EDISON 2015 REVISITED  US Supreme Court