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Plural
fiduciaries
1
a person or organization that holds a position of trust, responsibility, and confidence to manage assets or property on behalf of others
- As a fiduciary, the trustee must act in the best interests of the beneficiaries.
- The lawyer was appointed as the fiduciary to manage the estate after the owner's passing.
- Investment advisors have a fiduciary duty to prioritize their clients' financial interests.
- The board members have a fiduciary responsibility to oversee the organization's finances.
- Trustees must exercise their fiduciary duties with diligence and transparency.