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Finance Dictionary and Glossary of Investment Terms
fiduciary
Definition 1.
An individual, corporation or association holding assets for another party, often with the legal authority and duty to make decisions regarding financial matters on behalf of the other party.
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Definition 2.
1. A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his/her own profits.2. A loan made on trust rather than against some security or asset.
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Definition 3.
A person holding a position of confidence, such as a trustee, guardian or executor.
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Definition 4.
A person who has discretionary authority or control over a qualified retirement plan trust, its assets or its administration, or who is paid to provide investment advice regarding plan assets.
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