Proper asset allocation is the cornerstone of prudent investing. But once the allocation is made, fiduciaries have a critical decision to make: How should each asset class be invested? There are two main choices: active or passive management. Both have advantages and disadvantages. In fact, for portfolios in excess of $5 million, fiduciaries often use a combination of these approaches.
Because of the greater range these days of investment opportunities and methods, it's critical that
All access premium subscription
Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.