noun a person or organization that acts on behalf of another person or organization, especially in a financial context
adjective involving trust, especially with regard to the relationship between a trustee and a beneficiary
In law, a fiduciary duty is a legal obligation to act in the best interests of another party, typically the duty of loyalty and care.
In finance, a fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' best interests first in managing assets.
In investing, a fiduciary is a financial advisor or institution that is legally required to act in the best interests of their clients when providing investment advice or managing assets.
In estate planning, a fiduciary is often appointed to manage and distribute assets according to the wishes outlined in a will or trust.
In the financial industry, a fiduciary duty is the highest standard of care, requiring financial advisors to act in the best interest of their clients.
Psychologists often have a fiduciary duty to their clients, ensuring confidentiality and acting in the best interest of the client's well-being.
Attorneys have a fiduciary duty to their clients, requiring them to act in the client's best interest and maintain confidentiality.
Financial advisors have a fiduciary duty to their clients, meaning they must always act in the best interest of the client when providing financial advice or managing investments.
As a trustee, one has a fiduciary duty to manage assets in the best interest of the beneficiaries of a trust, ensuring transparency and accountability.