The Prudent Man rule means an investment manager must
A) be morally sound
B) not lose money over the long run
C) not invest the client's funds in highly risky investments
D) use good judgment and make decisions consistent with how reasonable people manage their own money

Question

Quizplus · Accepted Answer

The Prudent Man rule requires investment managers to act with the same care, skill, and caution that a prudent person would use when managing their own funds, focusing on the best interests of the client.

The Prudent Man Rule Means an Investment Manager Must