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Horicon Bank, as Trustee, may delegate powers to an agent while exercising reasonable care and skill in the selection of an agent.
The trustee of a delegated trust is typically delegating investment management responsibilities to one or more investment managers, pursuant to the trust document and/or outside agreement with input from the trust beneficiary.
With a delegated trust, the delegating trustee has responsibility in the selection and periodic
monitoring of the investment advisors. Delegated trusts are typically invested pursuant to an agreed upon Investment Policy Statement between the trustees and investment managers/advisors that establishes the scope and terms of the delegation.