Any time someone takes on a fiduciary duty, there is risk involved.
Financial advisors’ risk will very. Trust assets offer an opportunity for advisors to further assist their clients. Often, advisors will be asked to manage trust assets of a client or assist in the process of estate planning.
The two main types of trusts are delegated and directed. It is important for advisors to understand the risks they face with each type.
This article will highlight the financial advisor risk faced when a client needs trust management.