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Some examples of fiduciary relationships are listed below: Brokers and principals. Trustees and beneficiaries. Attorneys and clients.

A fiduciary is legally bound to put their client's best interests ahead of their own. Fiduciary duties appear in a range of business relationships, including a trustee and a beneficiary, corporate board members and shareholders, and executors and legatees.

The primary responsibility of fiduciaries is to run the plan solely in the interest of participants and beneficiaries and for the exclusive purpose of providing benefits and paying plan expenses. Fiduciaries must act prudently and must diversify the plan's investments in order to minimize the risk of large losses.

Specifically, fiduciary duties may include the duties of care, confidentiality, loyalty, obedience, and accounting.

Some examples of fiduciary duties include duties of undivided loyalty, due diligence and reasonable care, full disclosure of any conflicts of interest, and confidentiality. While a fiduciary duty may be violated accidentally, it is still a breach of ethics.

A fiduciary is someone who manages money or property for someone else. When you are named a fiduciary, you are required by law to manage the person's money and property for their benefit, not yours.

Trusts are used mostly for estate planning, and are very popular as a 'fund' for the future of the settlor's children. Fiduciaries, on the other hand are used mostly in corporate structures to hide (only prima facie) the identity of the ultimate beneficial owners.

A fiduciary is someone who manages money or property for someone else. When you are named a fiduciary, you are required by law to manage the person's money and property for their benefit, not yours.