Quick Definition

A fiduciary is an individual or organization that acts on behalf of another person or persons to manage assets, bound ethically and legally to act in the other's best interest.

Examples

• 1A financial advisor managing a client's investment portfolio and making decisions that best serve the client's financial goals.
• 2A trustee of a trust managing the trust assets for the benefit of the beneficiaries.
• 3A corporate board member making decisions that will benefit the shareholders of the company.
• 4An attorney handling a client's financial matters and legal affairs with the utmost care and loyalty.

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