fiduciary investment & finance definition

A person who is entrusted to manage financial assets, matters, and prop-erty for a beneficiary’s benefit. People who are fiduciaries have a fiduciary trust that requires actions taken on behalf of the beneficiary benefit that person and not result in misappropriating funds or making decisions for the fiduciary’s benefit. Many people have fiduciary responsibilities, including money managers and administrators of wills and estates.