flyinggirl

Robert, it's not saying that. In spirit, it's just saying you're accountable to make the prudent decision at the time of transaction. If time passes and you re-evaluate the portfolio, and then you know it's no longer suitable, you have a duty to adjust; but you will not be held accountable for something unforeseeable and/or unexpected changes.

The point is, you can't be sued for poor results alone. Your fiduciary responsibility matters at the time of execution--not what happens during those next few months. Nobody can manage and evaluate every account continuously. If something changes making an investment no longer suitable, then there is a new situation for a transaction need at that time of re-evaluation.