Wealth Management Terms

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

• The attorney acted as a fiduciary for her client, ensuring that their best interests were always prioritized.
• I trust my financial advisor to be a fiduciary and make decisions that benefit me in the long run.
• My lawyer is like my fiduciary, always looking out for me and making sure I don't get into any trouble.
• In a way, the CEO serves as a fiduciary for the company, responsible for leading it in the right direction and protecting its assets.

noun A legal agreement made between spouses after marriage that outlines the division of assets and liabilities in the event of divorce or death.

• The couple decided to draft a postnuptial agreement to outline their financial responsibilities in case of a divorce.
• After their big fight, they quickly put together a postnuptial agreement to settle things.
• They drew up a postnup to make sure they both got what they wanted if things went south.
• Their postnuptial agreement was like a safety net, ensuring they were both protected financially.