Home›Finance›Corporate Finance›What is a Fiduciary Duty? Definition:A fiduciary duty is a legal obligation of loyalty and care of someone else’s assets. It is a legal term that implies commitment to act in the best interest of another individual. ...
A fiduciary is an advisor who must act in your best interest. Fiduciaries can't recommend products or investments based on the commission they'll receive.
Definition:A fiduciary is a person or organization that owes a duty of good faith to another party and is ethically or legally bound to act in best interest of the other party. What Does Fiduciary Mean? Contents[show] What is the definition of fiduciary?Simply put, a person serving as a ...
On this page, you'll find the legal definition and meaning of Fiduciary, written in plain English, along with examples of how it is used. What is Fiduciary? 1\) n. Latin meaning “trust.” Refers to a business or person who may act for another with total trust, good faith, and hone...
What Is a Fiduciary? Some fiduciaries are hired and some might be court-appointed, such as guardians or conservators of minors or incapacitated adults. They have a "duty of care" to ensure that they're taking the best possible actions on behalf of that person. This might mean using their...
What Does Fiduciary Duty Require?governance initiative
Definition Fiduciary duty in real estateis the legal obligation real estate agents have to act in the best interests of their clients. Key Takeaways Fiduciary duty in real estate requires realtors to act in the best interests of their clients. ...
What Is Fiduciary Duty? A fiduciary financial advisor must uphold a fiduciary duty to you. That fiduciary duty legally protects you as a client. A doctor can’t legally sell you a drug that isn’t best for your condition just because they get a commission from the drug company. According ...
Case law indicates that breaches of fiduciary duty most often occur when a binding fiduciary relationship is in effect and actions are taken which violate or are counterproductive to the interests of a specific beneficiary. The inappropriate actions are typically alleged to have benefitted the fiduciar...
What Does It Mean If Someone Is a Trustee? A trustee has been given the responsibility of ensuring a grantor's assets are used the way they intended them to be. A trustee has a fiduciary duty, meaning they must act in the best interests of the beneficiaries, rather than according to the...