Sentences with phrase «funds on behalf of the beneficiary»
Not exact matches
Some 70 % of shares in U.S. - listed companies today are held by mutual funds, pension funds, insurance companies, sovereign funds, and other institutional investors, which manage them on behalf of beneficiaries such as households, pensioners, policy holders, and governments.
https://hbr.org/
Some of these earlier cases, like Stock, also relied on the «fiduciary exception» to the attorney - client privilege, which states that «where a trustee, acting on behalf of his fiduciaries, uses trust funds to obtain legal advice regarding a trust matter, «the beneficiaries [are] the «real clients» of the attorney who *** advised the trustee on trust - related matters,» and therefore the «attorney - client privilege properly belong [s] to the beneficiaries rather than the trustees.
Along with her daughter and business partner, Marti Gellens, Maxine helped organize this year's event, and took to the dance floor at the Hilton La Jolla Torrey Pines on Dec. 5 to raise funds on behalf of the two beneficiaries.