One of your customer accounts is a trust account. the trustee of the trust is inexperienced in investing.
as his broker, you should explain to the trustee that under the uniform prudent investor act he has a duty to invest the trust assets "prudently" which includes:
a. the duty to diversify the trust portfolio to reduce risk
b. the duty to monitor the performance of the portfolio
c. the duty to minimize costs
d. all of the above
Answers: 2
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One of your customer accounts is a trust account. the trustee of the trust is inexperienced in inves...
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