Fiduciary Responsibility


n. According to Merriam-Webster's Dictionary of Law, a fiduciary is “one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care, candor, and loyalty in fulfilling the obligation”.

In simple terms, fiduciary is defined as someone acting in a position of trust on behalf of, or for the benefit of, another party.

In the financial services world, fiduciary status is sometimes difficult to determine, but not in the case of Registered Investment Advisors or Certified Financial Planners® – they are generally considered fiduciaries.

In addition, Stew has taken the training and become certified as an Accredited Investment Fiduciary.