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Fiduciary duty obligates a professional to act in the client’s best interests. This can apply to financial advisors, attorneys, real estate agents and other professionals. Fiduciary duty is ...
A fiduciary's duty must not conflict with another fiduciary duty. [20] [38] [77] Conflicts between one fiduciary duty and another fiduciary duty arise most often when a lawyer or an agent, such as a real estate agent, represent more than one client, and the interests of those clients conflict. [23]
Fiduciary financial advisors act in clients' best interests and disclose conflicts of interest. Here's the definition of fiduciary and why it's important.
The fiduciary standard entails certain obligations on the advisor that a non-fiduciary does not want to be held to. The fiduciary question is one of the most important questions you can ask an ...
In this sense it is obvious that not every breach of duty by a fiduciary is a breach of fiduciary duty. I would endorse the observations of Southin J. in Girardet v. Crease & Co. (1987) 11 B.C.L.R. (2d) 361, 362: "The word 'fiduciary' is flung around now as if it applied to all breaches of duty by solicitors, directors of companies and so forth
Fiduciary management is an approach to asset management that involves an asset owner appointing a third party to manage the total assets of the asset owner on an integrated basis through a combination of advisory and delegated investment services, with a view to achieving the asset owner's overall investment objectives. In principle, the model ...
In trust law, a constructive trust is an equitable remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to either a person obtaining or holding a legal property right which they should not possess due to unjust enrichment or interference, or due to a breach of fiduciary duty, which is intercausative with unjust enrichment and/or property interference.
Continue reading ->The post What Fiduciary Duty Means (and What It Doesn't) appeared first on SmartAsset Blog. Advisors who are required to adhere to a fiduciary duty are held to different ethical ...