Series 51: Fiduciary Accounts

Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam

Definition of the term Fiduciary Accounts...

accounts where a third party manages the account for a customer. The third party is called the fiduciary. Fiduciaries may be investment advisers, bankruptcy trustees, executors of estate accounts or trust accounts, or guardians of minor accounts.

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I loved the online testing for the Series 51! I felt like the questions were trickier so it really prepared me for the real exam.

Katrina Jackson, Cambridge Investment Research, Fairfield, IA

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Briana Turner, Cambridge Investment Research. Virginia Beach, VA