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What is a Fiduciary?

By Motley Fool Retirement Team – Updated Dec 4, 2024 at 4:57PM

Key Points

  • Fiduciaries must prioritize client interests, even if less profitable for them.
  • Relationships like attorney-client or trustee-beneficiary imply fiduciary duties.
  • Non-fiduciary advisors are held to suitability standards, not fiduciary standards.
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