CTFA - Certified Trust and Fiduciary Advisor Practice Test
CTFA Fiduciary Duties and Legal Compliance
Which of the following best describes a fiduciary's duty of loyalty?
Select your answer
A
The fiduciary must act solely in the best interests of the beneficiaries, not in self-interest
B
The fiduciary must invest trust assets to maximize returns at all costs
C
The fiduciary must distribute income equally among all beneficiaries
D
The fiduciary must follow every instruction given by the trust grantor
Hint
