An individual, corporation or association holding assets for another party,...
Involving confidence or trust; confident; undoubting; faithful; firm; as, in a fiduciary capacity.
Holding, held, or founded, in trust.
One who holds a thing in trust for another; a trustee.
One who depends for salvation on faith, without works; an Antinomian.
A person having a legal relationship of trust and confidence to another and having a duty to act primarily for the others benefit, e.g., a guardian, trustee, or executor.
A Fiduciary is someone who acts on behalf of another in a particular matter or transaction. A Fiduciary has power that is capable of being used to affect his Principal and who must exercise that power solely in the best interests of his Principal.
A person in a position of trust and confidence. Example: A real estate broker who becomes an agent of a seller or buyer is deemed to be a Fiduciary. Other examples of fiduciaries are trustees, executors, and guardians
One who is bound to look after the affairs of another, using the same standards of care and prudence as he or she would use in attending to his or her own affairs, as in a trustee of a trust or a board member of a board.
Held or founded in trust; one who holds a thing in trust for another person.
A person or firm holding assets for another party with the authority and duty to make decisions in the best interests of that other party.
A person or business (such as a bank or stock brokerage) that has the power and obligation to act for another. The fiduciary has greater knowledge and expertise about the matters being handled.
A generic term for persons or legal entities such as executors, trustees, and guardians appointed by the court, under a will, or by a trust to manage, control, or dispose of the property of others.
Relating to a relationship of trust, such as that between agent and principal, where the agent owes a duty to safeguard the interests of the principal.
Someone, such as a trustee or guardian, who holds the assets of another person, often with the legal authority and duty to make decisions regarding financial matters on behalf of the other party.
A person in a position of trust and confidence, as between principal and broker. A fiduciary may not make a profit from his or her position without first disclosing it to the beneficiary. Back to the Top
A person who is entrusted with exercising rights and powers for the benefit of another person or other persons. A fiduciary cannot benefit personally from the exercise of this responsibility.
A person who is in a position of trust, holding property or otherwise acting on behalf of another. Particularly applicable to real estate agents, brokers, or property managers.
(fih DOO she AIR ee) Person having a legal relationship of trust and confidence with another and a duty to act primarily for other's benefit, e.g., guardian, trustee or executor.
A person or organisation entrusted with the responsibility of managing, holding or investing assets in the best interests of the owner of the assets. Trustees of superannuation funds are fiduciaries in respect of the members of their funds.
(1) A person entrusted with the duty to act for the benefit of another person. (2) A person in a position of trust and who manages money or property for another.
A person who undertakes the legal duty to act for the benefit of another. Fiduciaries include, but are not limited to, personal representatives, guardians, conservators, or trustees.
One who occupies a position of special trust and confidence, as in handling or supervising the affairs or funds of another. Trustees, executors, administrators, corporate directors, etc., are fiduciaries. The mere fact that somebody is trusted by somebody else, however, does not establish a fiduciary relation. The relation must be one fitting a recognized legal category. A fiduciary under ERISA, for instance, must meet certain statutory tests and is prohibited from engaging in defined acts.
A person has been appointed and entrusted with certain duties on behalf of another, usually monetary in nature. A fiduciary must possess the highest level of good faith, loyalty and diligence.
A person in a position of great trust and responsibility who supervises the financial affairs of others. In the financial services area, it can be a person or institution that manages money or property for another and must exercise proper and prudent judgment as stipulated by law.
A person, company, or association that holds assets in trust for a beneficiary. The fiduciary is charged with the responsibility of investing the assets wisely for the beneficiary's benefit. Examples of fiduciaries include executors of wills and estates, trustees, and those who administer the assets of underage or incompetent beneficiaries.
A person legally appointed and authorized to hold and manage assets in trust for another person.
A real estate broker who becomes an agent of a seller or buyer is deemed to be a Fiduciary. Other examples of fiduciaries are trustees, executors, and guardians. As a fiduciary, a real estate broker is held by law to owe specific Fiduciary Duties to his/her Principal (the person who they are representing), in addition to duties or obligations set forth in a Listing Agreement, Buyer Representation Agreement, or other contract of employment. Subagents of the broker also owe the same Fiduciary Duties to the broker's principal.
Person or entity with custody of assets for another.
One who has a duty to another by reason of position, special expertise, or some other attribute or agreement. This status may be defined explicitly or may be inferred (or assigned by a court) based on the relationship between the parties.
With regard to a pension plan, a person or organization with control over the plan or its assets.
indicates the relationship of trust and confidence where one person (the fiduciary) holds or controls property for the benefit of another person. For example, the relationship between a trustee and the beneficiaries of the trust.
An individual or institution occupying a position of trust. An executor, administrator or trustee responsible for the assets belonging to another person.
An individual or entity holding the funds or property of another in a position of trust. An example of a person having a fiduciary responsibility is an executor of an estate.
A person or company entrusted with assets owned by another party (beneficiary), and responsible for investing the assets until they are turned over to the beneficiary.
Relating to someone who holds something in trust for another.
A person or institution who manages money or property for another and who must exercise a standard care imposed by law, i.e., personal representative or executor of an estate, a trustee, etc.
A fiduciary is an individual or organization legally responsible for holding or investing assets on behalf of someone else, usually called the beneficiary. The assets must be managed in the best interests of the beneficiary, not for the personal gain of the fiduciary. However, the term acting responsibly can be broadly interpreted, and may mean preserving principal to some fiduciaries and producing reasonable growth to others. Executors, trustees, guardians, directors of listed companies and agents with powers of attorney are examples of individuals with fiduciary responsibility.
A person in a position of trust and confidence, as between principal and broker; broker as fiduciary owes certain loyalty which cannot be breached under rules of agency.
An individual responsible for operating the Savings Plan using sound judgment in the interest of all Plan participants and beneficiaries. Fiduciaries may include certain employees who make discretionary decisions regarding certain Plan administration matters. They also may include investment advisors, trustees, and certain others.
A person charged with the duty of trust on behalf of a beneficiary. Executors and trustees are fiduciaries.
An individual or organization having duty, created by contract, to act primarily for the owner's benefit in respect to the trust and confidence involved in the duty and the scrupulous good faith and candor which it requires.
A person or corporation who occupies a position of trust and accountability (e.g. Trustee, Administrator, Executor, Guardian, Conservator).
the basic meaning is "trust". A fiduciary relationship is a trusting relationship. Acting out a fiduciary role is being trustworthy.
A person or entity who acts for the benefit of another to preserve or manage property, and who must observe certain rules of fiduciary behavior. Examples: The trustee of a trust or the executor of an estate.
A term derived from the Roman law meaning a person holding the character of a trustee, in respect to the trust and confidence involved in it and the scrupulous good faith and candor which it requires.
Any person who has discretion over plan assets, benefit levels, accounting and record keeping, investments or benefit/eligibility decisions. A fiduciary has a duty under federal law to operate the plan in a prudent (conservative) manner and in the exclusive interest of the persons covered under the plan. A TPA is not a fiduciary.
An executor, administrator, trustee, guardian, attorney-in-fact, or other person who must manage property or exercise rights or powers for the benefit of others.
A trustee; one who has the duty to act primarily for the benefit of another with respect to the subject matter of the trust.
a person who holds assets in trust for a beneficiary; "it is illegal for a fiduciary to misappropriate money for personal gain"
relating to or of the nature of a legal trust (i.e. the holding of something in trust for another); "a fiduciary contract"; "in a fiduciary capacity"; "fiducial power"
an agent for a party that has a duty of loyalty imposed by law or agreement to that party
an individual or company responsible for managing another's assets (a trustee)
an individual or organization charged with the duty to act for the benefit of another
a person, committee, or organization that has agreed to accept legal ownership and control and management of an asset or group of assets belonging to someone else
a person having a duty to act primarily for another's benefit in the manner of a trustee
a person having a legal duty to act for the benefit of another
a person in which trust and confidence is placed by another, and who by nature of the relationship must place the interests of the trusting party ahead of their own
a person in whom a special confidence or trust is placed by another and who, under the circumstances or their relationship, is required to act in good faith and with due regard to such other person
a person or a member of a Board given possession of property (in this case, plan assets) "in trust", i
a person or an entity in a position of trust and confidence acting for the benefit of another
a person or an institution legally responsible for the financial affairs of another
a person or company who
a person or entity who, as the result of a particular undertaking, has a duty to act primarily for the benefit of another in matters connected with the undertaking
a person or institution in whom you have placed trust and confidence
a person or institution that is in a special relationship of trust and confidence with another person
