Question for IPS

Should we list wilingness for Endowments, Foundations, and other institutional investors? Older exams seems to have it. Newer exams dont

i would say if there is anything that indicates a level of willingness then mention it. there certainly can be instances where it should apply.

I have a related question for Individual investors - When a trust has has to cover for two individuals having completely different willingness to take risk (eg one is above average and the other is below average), what will be the willingness of the trust ? I thought it will be average but as per 2003 exam it is below average as that is what will dominate. What are your thoughts ??

Anyone ?

safe answer seems always to be lowest common denominator

Agreed - it is very subjective… so no point in overthinking huh! Thanks cvillecfa.