So, what is a Fiduciary?
Among the most common forms of fiduciaries are financial advisors, bankers, money managers, and insurance agents. A fiduciary must always have the best interest of their clients foremost.
The most common fiduciary duties are relationships involving legal or financial professionals who agree to act on behalf of their clients. A lawyer and a client are in a fiduciary relationship, as are a trustee and a beneficiary, a corporate board and its shareholders, and an agent acting for a principal.
