external managed

问题如下：

Explain how the Johnson family's assets fit into the concepts of internally and externally managed assets. Justify your answer.

选项：

解释：

Internally managed assets for the Johnson family include the textile business and the vacation home. These are assets that the family has direct control over and generate value through their own activities. The textile business is a significant part of their wealth and has been in the family for a long time, providing employment and income. The vacation home is also an asset that they manage and use for personal purposes.

Externally managed assets are the equity investments. These are managed by external fund managers or financial institutions. The family has entrusted the management of these assets to professionals outside the family to potentially achieve better returns and diversification.

Justification: This classification is based on the definitions provided in the comprehensive wealth planning section of the learning module. Assets that the family actively operates and controls are internally managed, while those managed by external parties are externally managed.