Fiduciary

A Fiduciary is an individual or entity that is entrusted with the responsibility to act in the best interests of another party, known as the beneficiary or principal. Fiduciaries are legally obligated to exercise care, loyalty, and good faith in managing assets, making decisions, and fulfilling their duties. Common examples of fiduciaries include trustees, financial advisors, attorneys, and corporate directors, who are held to high ethical and legal standards of conduct.