A fiduciary is
A) the person who owns an investment account
B) the person who buys and sells the securities in the account under the direction of the investment manager
C) the person who uses his discretion in managing the account
D) generally not considered an "expert" in money management matters

Question

Quizplus · Accepted Answer

A fiduciary is someone who has the responsibility to manage someone else's assets and is expected to act in the best interest of the account holder, using their discretion in managing the account.

A Fiduciary Is