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The Trustee's Evolving Role

Changes in prudent investor standards in the 1990s freed trustees to delegate investment functions to investment advisors and investment managers. Recently, the market has been uncertain, leaving trustees without clear-cut investment opportunities. There is now a greater focus on how one invests rather than what is the investment or asset class. The result: These days, many trustees and their investment
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Changes in prudent investor standards in the 1990s freed trustees to delegate investment functions to investment advisors and investment managers. Recently, the market has been uncertain, leaving trustees without clear-cut investment opportunities. There is now a greater focus on how one invests rather than what is the “best” investment or asset class. The result: These days, many trustees and their investment advisors see themselves less as stock pickers and more as overseers who hire and

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