David G. Mackenzie is a Fiduciary Consultant who limits his consulting practice to providing expert witness testimony in Trust & Estate Litigation Cases. He has represented either trust beneficiaries or trustees who are either plaintiffs or defendants.
Mr. Mackenzie's area of specialty is in the field of Trust & Estate Administrative Practices and Procedures. He has 48 years of fiduciary experience including a 32 year career for a major Bank Trust Department. During his last five years of his banking career he was its Chief Fiduciary Officer responsible for policy, procedures and complex trust administration issues. For the past 15 years he has consulted for a number of bank trust departments and trust beneficiaries in various states. He has testified in a number of states on proper trust administration and is a very effective Expert Witness on the stand.
The Prudent Investor Act introduced new standards for investment performance. It de-emphasizes the importance of accounting income and instead measures a trustee's performance in terms of total return (income plus growth) to the trust portfolio.