Plural of fiduciary; people or organizations who are legally obligated to act in the best interest of someone else and manage their money or property.
Fiduciary comes from Latin 'fiduciarius,' relating to 'fiducia' (trust). English adopted this term into law to describe people in positions of trust, particularly those handling others' money or property.
Fiduciaries are people the law forces to be honest—a financial advisor managing your retirement must legally act in YOUR interest, not their own. It's trust turned into a legal superpower that protects you.
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