Especially when it comes to money, fiduciaries have an obligation to behave in the best interests of others. We refer to this obligation as fiduciary duty. It usually means that a fiduciary is responsible for overseeing the assets of their clients and acting in their best interests. To understand fiduciary duty, one must first understand what a fiduciary is. A fiduciary has to have his clients' trust and use prudence when interacting with them due to his moral and legal responsibility to them. Clients often entrust a fiduciary with a sizable amount of wealth, whether in cash or other assets.One of the fiduciary's duties is to always behave in the best interests of their clients.
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