The objectives of personal trusts normally are __________ in scope than those of individual investors and personal trust managers typically are __________ than individual investors.
A)broader, more risk averse
B)broader, less risk averse
C)more limited, more risk averse
D)more limited, less risk averse
E)none of the above

Question

Quizplus · Accepted Answer

The objectives of personal trusts are usually more limited in scope compared to individual investors, as personal trusts have specific beneficiaries and goals to fulfill. Personal trust managers typically are more risk averse than individual investors, as they have a fiduciary responsibility to manage the assets for the benefit of the beneficiaries and minimize risk to ensure the trust's long-term sustainability.

The Objectives of Personal Trusts Normally Are __________ in Scope