👉 Fiduciary is a legal concept in which a person owes their obligation to another person, usually an individual or organization, based on trust and loyalty. This includes both personal and professional relationships where one party has a duty of loyalty towards the other. In fiduciary law, the act of acting in good faith and according to the best interests of the beneficiary is considered ethical and legally binding. In essence, a fiduciary relationship requires that individuals act with care and consideration for their beneficiaries'
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What is the definition of Fiduciary? 🙋
👉 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
