fiduciary

A fiduciary is a person or organization entrusted to act in someone else's best interest, especially when managing assets or making decisions. They have a legal and ethical duty to prioritize their client's or beneficiary's needs above their own, maintaining honesty and loyalty. Examples include financial advisors, trustees, and corporate directors. The fiduciary relationship ensures trust, transparency, and responsible management of resources, emphasizing that the fiduciary’s primary obligation is to serve the best interests of those they represent.