Fiduciary Definition

Term Definition
A fiduciary is a person or business that is entrusted with protecting another person or business’s assets.

Extended Definition
It is important for small business owners to have access to reliable, expert advice on managing a business’s assets and investments. Fiduciaries are bound by standards to advise, oversee, and record investments in a way that is best for their clients.

Related Article
Fiduciary: A Trusted Advisor