Till regulatory readability is achieved, advisors ought to doc consideration of the uncertainty, market volatility and funding fundamentals in minuted funding committee conferences. Drawing from conventional finance experiences with illiquid belongings in the course of the 2008 credit score disaster, advisors can reveal their fiduciary obligation even within the face of uncertainty. In 2008, it was unclear the right way to meet fiduciary obligations for valuation; nevertheless, many met these with:
