Diversification in investing trust assets has been a default expectation for as long as most anyone in the trust administration business can remember. Even an investment novice understands that diversification reduces risk of loss. An individual investing for himself may choose to invest a disproportionately large amount of his net worth in a single asset or asset class. If the gamble fails, only the individual suffers. The individual owes no duties to anyone. A trustee, however, doesn’t have
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