Fiduciary Definition | Person or Business Protecting Assets

Accounting Definitions

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Fiduciary Definition

A fiduciary is a person or business that is entrusted with protecting another person or business’s assets.

Fiduciary Extended Definition
It is important for small business owners to have access to reliable, expert advice on managing a business’s assets and investments. Fiduciaries are bound by standards to advise, oversee, and record investments in a way that is best for their clients.

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Last Updated By

Jenna Hutkowski | Apr 27, 2023

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