fiduciary
Legally obligated steward
Fiduciary describes a relationship of trust where one party has a legal or ethical duty to act in another's best interest.
A financial advisor has a fiduciary responsibility to clients; a trustee has fiduciary duties to beneficiaries.
As a noun, a fiduciary is a person in such a role: The executor serves as fiduciary of the estate.
The term appears frequently in legal and financial contexts where conflicts of interest must be avoided.
One managing another's assets
- beneficiaryDesignated asset receiver
- executorAppointed estate manager
- estateProperty and grounds
- probateWill validation proceedings
trust · will · settlor · grantor · testament · inheritance · heir · bequest
One managing another's assets
- executorAppointed estate manager
- guardianProtective caretaker of another
- custodianGuardian of a place
- conservatorArtifact preservation expert
administrator · agent · director · officer · broker · advisor · attorney-in-fact · personal representative
Required task or commitment
- responsibilityState of being answerable
- loyaltyFaithful commitment to another
- careAttentive regard for others
- prudenceCareful, wise judgment
good faith · disclosure · accountability · stewardship · trust · standard · breach · conflict of interest
Deploying capital for returns
- portfolioCollected works or assets
- assetsOwned items of value
- securitiesTradeable financial assets
- fundsAvailable financial resources
capital · management · advisor · planner · retirement · pension · annuities · wealth
trustee
One managing another's assets
- beneficiaryDesignated asset receiver
- executorAppointed estate manager
- estateProperty and grounds
probate · trust · will · settlor · grantor · testament · inheritance · heir · bequest · legacy
trustee
One managing another's assets
conservator · administrator · agent · director · officer · broker · advisor · attorney-in-fact · personal representative · committee
obligation
Required task or commitment
- responsibilityState of being answerable
- loyaltyFaithful commitment to another
- careAttentive regard for others
prudence · good faith · disclosure · accountability · stewardship · trust · standard · breach · conflict of interest · self-dealing
investment
Deploying capital for returns
- portfolioCollected works or assets
- assetsOwned items of value
- securitiesTradeable financial assets
funds · capital · management · advisor · planner · retirement · pension · annuities · wealth · returns
- business termsfranchising, revenue stream, board meeting, gross margin, markdown
- governancegovernance, government, democracy, vote, parliament
- financial rolesinvestor, borrower, lender, creditor, debtor
- trusted rolesdoctor, lawyer, guardian, trustee, parent
- corporate financecost of capital, investment, capital markets, NPV, debt financing
- financial planningfinancial planning, budget, financial plan, retirement plan, financial goals
fiduciaryself-interested
Concerned with personal gain
self-serving · self-dealing · proprietary · exploitative · mercenary
fiduciarynonfiduciary
Not legally bound to another's interests
arm's length · adversarial · unaccountable · transactional · caveat emptor
- fiduciary dutyObligation to act loyally
- fiduciary dutiesObligations owed by trustees
- fiduciary responsibilityDuty to act loyally
- fiduciary responsibilitiesObligations to act loyally for another