A fiduciary is a:
A) person in a subservient position.
B) person who owes a duty of trust,confidence,and loyalty to another.
C) form of formal conduct.
D) person of equal power and control.

Question

Quizplus · Accepted Answer

A fiduciary is a person who owes a duty of trust, confidence, and loyalty to another. This person is in a position of trust and therefore has a legal obligation to act in the best interest of the other party. This can include professionals such as financial advisors, lawyers, and trustees.

A Fiduciary Is A