Question

An institution or a person responsible for making all investment, management, and distribution decisions in an account maintained in the best interests of another who has been legally appointed to provide these services is best described as an:_______.

Answer 1

Is best described as an trustee.

Step-by-step explanation:

A fiduciary is an individual or an institution that remains legally related to another individual or other institution that wishes to make an investment. In this case, the fiduciary is the person who will be responsible for handling and organizing the investor's money within all investment decision-making steps. As well as being responsible for the management and the management of expenses and gains that this investment will result.