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Can trust assets be invested directly in foreign securities?

April 26, 2017assets directly foreign invested securities Trust

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Can trust assets be invested directly in foreign securities?

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No. Due to issues with potential tax consequences and foreign currency exchange rates for clients, Advisory Trust no longer allows Financial Advisors to buy stocks and bonds denominated in foreign currencies directly for any Advisory Trust account. However, mutual funds that invest in foreign securities and American Depository Receipts (ADRs) may still continue to be purchased; just not individual foreign securities.