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fiduciary

A collection of 3 issues

What Is a Fiduciary Bond? Understanding the Safety Net for Trust and Estate Administration

Introduction to Fiduciary Bonds If you have ever been named the executor of an estate, a guardian for a minor, or the trustee of a sizable fund, you may have encountered the term “fiduciary bond.” For many people, it raises immediate questions: What is a fiduciary bond, why might a

What Is a Fiduciary Standard vs Suitability Standard?

Introduction The terms "fiduciary standard" and "suitability standard" often surface when you start researching how financial professionals are regulated. While they may sound like interchangeable industry jargon, the two standards create very different obligations for advisors and brokers, and they can profoundly influence the advice you

Fiduciary Duty: Definition, Responsibilities, and Protection Strategies

Understanding Fiduciary Duty At its core, fiduciary duty is a legal obligation that requires one party, known as the fiduciary, to act solely in the best interests of another party, known as the principal. This elevated standard of care is designed to safeguard trust, prevent self-dealing, and promote transparency in