Blind Trust

A blind trust is a type of trust fund over which the trustor gives trustees full control of all assets.

Unlike discretionary asset management, in which the trustor is informed of asset management decisions, trustors who place their assets in a blind trust have no knowledge of the state of those assets at all.

Depending on the terms of the blind trust, the trustees inform the trustors of the level of their assets (but not their distribution) at predetermined intervals (twice a year, for example).

Swiss private banking compared