2022 Trust Examiner School - Presentations

Internal Use Only

File Review – Common Issues Non ‐ compliance with governing document

Written direction

25

Internal Use Only

Discretionary/Non-Discretionary

Definitions: •Discretionary  ‐ fiduciary makes investment decisions at their discretion for a clients account without the client's approval •Non ‐ Discretionary  ‐ investment decisions must be discussed & approved by the clients before the transaction takes place

26