The objectives of personal trusts normally are __________ in scope than those of individual investors and personal trust managers typically are __________ than individual investors.

Question

Quizplus · Accepted Answer

Personal trusts typically have more limited objectives than individual investors as they are aiming to fulfill a specific purpose for the beneficiaries. Personal trust managers also tend to be more risk averse as they have a legal responsibility to act in the best interest of the beneficiaries and must prioritize prudent investment strategies over maximizing returns.

The Objectives of Personal Trusts Normally Are __________ in Scope