Series 22: Fiduciary Account

Taken from our Series 22 Top-off Online Guide

Fiduciary Account

Fiduciary accounts are accounts where a third party manages the account for a client. The third party is called the fiduciary. A fiduciary may be an investment adviser, bankruptcy trustee, executor of an estate account or trust account, or guardian of a minor account. Fiduciaries have a duty to put the accountholder’s interests before their own.

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