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Fiduciary | Definition, Standards, Duties, Relationships, Breach A fiduciary is someone who is legally and ethically bound to make decisions in the client's best interest Fiduciaries can be found in many different relationships, such as investment advisors to an investor, corporate board members to shareholders, a guardian to a ward, and a few others
Understanding Fiduciary Duty: Definition, Types, and Examples - LegalZoom What is fiduciary duty? Fiduciary duty essentially means that you are responsible for acting and doing things to benefit someone else The person with a fiduciary duty is known as the fiduciary, and the person or persons they are responsible to are referred to as the principal or the beneficiary
Fiduciary - Wikipedia A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (legal person or group of persons) Typically, a fiduciary prudently takes care of money or other assets for another person
FIDUCIARY Definition Meaning | Dictionary. com Fiduciary definition: a person to whom property or power is entrusted for the benefit of another See examples of FIDUCIARY used in a sentence
What is a fiduciary? - Consumer Financial Protection Bureau A fiduciary is someone who manages money or property for someone else When you’re named a fiduciary and accept the role, you must – by law – manage the person’s money and property for their benefit, not yours
fiduciary | Wex | US Law | LII Legal Information Institute A fiduciary, derived from the Latin term for “trust”, is a person owing a fiduciary duty to another When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else financially