fiduciary

adjective
fi·​du·​cia·​ry | \ fə-ˈdü-shē-ˌer-ē How to pronounce fiduciary (audio) , -shə-rē, -ˈdyü-, fī- \

Definition of fiduciary

 (Entry 1 of 2)

: of, relating to, or involving a confidence or trust: such as
a : held or founded in trust or confidence a fiduciary relationship a bank's fiduciary obligations
b : holding in trust
c : depending on public confidence for value or currency fiduciary fiat money

fiduciary

noun
plural fiduciaries

Definition of fiduciary (Entry 2 of 2)

: one that holds a fiduciary relation or acts in a fiduciary capacity

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Did You Know?

Noun

Fiduciary relationships often concern money, but the word fiduciary does not, in and of itself, suggest financial matters. Rather, fiduciary applies to any situation in which one person justifiably places confidence and trust in someone else and seeks that person's help or advice in some matter. The attorney-client relationship is a fiduciary one, for example, because the client trusts the attorney to act in the best interest of the client at all times. Fiduciary can also be used as a noun for the person who acts in a fiduciary capacity, and fiduciarily or fiducially can be called upon if you are in need of an adverb. The words are all faithful to their origin: Latin fidere, which means "to trust."

Examples of fiduciary in a Sentence

Recent Examples on the Web: Adjective The Kentucky Supreme Court decided a lawsuit should be dismissed that accused several hedge fund firms, as well as former officials for the state's public pension system, of breaching their fiduciary duty by arranging super-risky investments. Morgan Watkins, The Courier-Journal, "Kentucky Supreme Court axes case over pension system's hedge fund investments," 10 July 2020 So as this reality becomes more widely known and understood, asset managers who do not integrate ESG factors are definitely at high risk of violating their fiduciary responsibility to their clients. Lauren Goode, Wired, "Global Warming. Inequality. Covid-19. And Al Gore Is ... Optimistic?," 8 July 2020 Beyond False Claims Act allegations, USA TODAY found vendors that have faced claims of racketeering, securities fraud, bribery, negligence, breach of fiduciary duty and prior contract violations. USA Today, "Hundreds of millions of dollars goes to COVID-19 contractors accused of prior fraud," 7 July 2020 The Labor Department proposed a new rule Monday for retirement accounts that allow brokers and other types of financial advisers to provide fiduciary advice and still receive commissions in some cases. Anne Tergesen, WSJ, "Labor Department Proposes Fiduciary Exemption for Retirement Plans," 30 June 2020 Such institutions have a fiduciary duty to make investment decisions for the benefit of their beneficiaries. Rodrigo Olivares-caminal, Quartz Africa, "Africa needs to be wary of the unintended consequences with a moratorium on its debt," 11 May 2020 BlackRock is a fiduciary and as such is legally obligated to act in its clients’ best interest. The Editorial Board, WSJ, "Larry Fink’s Latest Sermon," 17 Jan. 2020 The planner should be willing to be a fiduciary and put that in writing. Liz Weston, latimes.com, "How to pick a fee-only financial planner when family's finances suddenly increase?," 20 May 2018 For example, individual writers who are part of WGA’s lawsuit can continue with their claim that the agencies breached their fiduciary duties by not being fully transparent about the use of packaging fees. Wendy Lee, Los Angeles Times, "Judge dismisses most of WGA’s claims in its lawsuit against talent agencies," 27 Apr. 2020 Recent Examples on the Web: Noun Thus, the fiduciary must avoid investments that underperform. WSJ, "Retirement Security and Passively Managed Funds," 28 June 2020 Lexi Walker, a 47-year-old professional fiduciary who lives near Greenville, South Carolina, has felt anxious and depressed for long stretches of this year. Tamara Lush, Anchorage Daily News, "Poll: Americans are the unhappiest they’ve been in 50 years," 16 June 2020 Lexi Walker, a 47-year-old professional fiduciary who lives near Greenville, South Carolina, has felt anxious and depressed for long stretches of this year. Tamara Lush, USA TODAY, "'It’s been one thing after another': Americans are unhappiest they’ve been in 50 years, poll shows," 16 June 2020 Look for advisers who are fiduciaries, meaning they are required to put your interests ahead of theirs. Washington Post, "Liz Weston: Here’s what bad financial advice costs you," 6 Jan. 2020 Find a certified financial planner who promises to serve as a fiduciary, which means the planner will put your interests ahead of their own. Tara Siegel Bernard, New York Times, "Retiring Into a Shaky Market? Think Long Term Anyway," 7 Mar. 2020 The pros most likely to serve as fiduciaries are certified financial planners, who are also registered advisers. New York Times, "Your Money and the Coronavirus: You Asked, Experts Answered," 13 Mar. 2020 That means Sulyma’s case against Intel’s retirement plan fiduciaries got the green light, and that employers nationwide now have to scramble to get their people really reading financial disclosures. Ephrat Livni, Quartz, "Intel loses and English wins in a refreshingly simple SCOTUS decision," 27 Feb. 2020 Look for advisers who are fiduciaries, meaning they are required to put your interests ahead of theirs. Washington Post, "Liz Weston: Here’s what bad financial advice costs you," 6 Jan. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'fiduciary.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of fiduciary

Adjective

circa 1641, in the meaning defined above

Noun

1631, in the meaning defined above

History and Etymology for fiduciary

Adjective and Noun

Latin fiduciarius, from fiducia confidence, trust, from fidere — see fidelity

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Time Traveler for fiduciary

Time Traveler

The first known use of fiduciary was in 1631

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Last Updated

19 Jul 2020

Cite this Entry

“Fiduciary.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fiduciary. Accessed 8 Aug. 2020.

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More Definitions for fiduciary

fiduciary

adjective
How to pronounce fiduciary (audio)

English Language Learners Definition of fiduciary

formal : relating to or involving trust (such as the trust between a customer and a professional)

fiduciary

noun
fi·​du·​cia·​ry | \ fə-ˈdü-shə-rē, -ˈdyü-, -shē-ˌer-ē How to pronounce fiduciary (audio) \
plural fiduciaries

Legal Definition of fiduciary

 (Entry 1 of 2)

: one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care, candor, and loyalty in fulfilling the obligation : one (as an agent) having a fiduciary duty to another — see also fiduciary duty at duty, fiduciary relationship — compare principal

fiduciary

adjective

Legal Definition of fiduciary (Entry 2 of 2)

1 : of, relating to, or involving a confidence or trust a guardian acting in his fiduciary capacity
2 : of or relating to a fiduciary or the position of a fiduciary a fiduciary bond

History and Etymology for fiduciary

Adjective

Latin fiduciarius, from fiducia trust, transfer of a property on trust

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More from Merriam-Webster on fiduciary

Rhyming Dictionary: Words that rhyme with fiduciary

Spanish Central: Translation of fiduciary

Nglish: Translation of fiduciary for Spanish Speakers

Britannica English: Translation of fiduciary for Arabic Speakers

Britannica.com: Encyclopedia article about fiduciary

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