👉 A fiduciary is a person who has a duty to act in the best interests of another person, even if it conflicts with their own personal interest. This duty can be imposed by law or through moral considerations, such as loyalty to one's employer or family. In financial terms, a fiduciary may have a duty to advise clients on investments and other financial matters to ensure that they make informed decisions, while also ensuring that the interests of the client are not compromised due to their own personal