Sometimes people ask for a more clear definition of the term fiduciary, and we came upon this straightforward definition recently and thought we would share it with you.
A fiduciary is an individual, corporation or association holding assets for another party, often with the legal authority and duty to make decisions regarding financial matters on behalf of the other party.
It is usually best to consult your attorney or a trusted advisor if you feel you or your family could benefit by entering into a fiduciary relationship.
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