What does a full power of attorney allow the named designee to do?

A full power of attorney grants the named designee extensive authority to act on behalf of the account holder. This includes the ability to trade securities and withdraw funds from the account. The designee can make decisions regarding buying and selling assets within the account, as well as manage the account's liquidity by withdrawing funds. This level of access ensures that the designee can effectively manage the account according to the account holder's interests, especially in situations where the account holder may be unable to manage their own finances.

The other choices present aspects of authority that may not necessarily align with the full scope defined under a full power of attorney. While the designee may indeed make investment decisions, that is just one component of their authority, which encompasses much more, including the ability to withdraw funds. Thus, the correct choice emphasizes the comprehensive nature of the powers granted.