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Question

What does fiduciary duty mean?

Answer

Fiduciary duty has two parts: a duty of care and a duty of loyalty. Duty of care means your advisor provides informed advice based on your goals and circumstances, with ongoing monitoring. Duty of loyalty means they place your interests above their own and disclose any conflicts of interest. Together, these obligations require the advisor to act in your best interests at all times.

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Last Updated Sept. 28, 2026
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