answersLogoWhite

0

A fiduciary fund is used to account for funds or assets that are held in trust by the government. These funds or assets are held for individuals or other entities.

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about Finance

What is the market cap for Fiduciary Claymore MLP Opportunity Fund FMO?

As of July 2014, the market cap for Fiduciary/Claymore MLP Opportunity Fund (FMO) is $935,316,682.17.


How do you obtain funds that are deposited in a fiduciary account?

The fiduciary is the person with the authority to make deposits to and withdrawals from a fiduciary account. If the original fiduciary cannot act a new fiduciary must be appointed.


What responsibilities do the new plan trustees of a retirement fund have in managing the assets and ensuring the financial security of the beneficiaries?

The new plan trustees of a retirement fund have the responsibility to manage the assets wisely, make informed investment decisions, and ensure the financial security of the beneficiaries by following fiduciary duties and acting in the best interest of the fund's participants.


What are the key differences between a 3(38) fiduciary and a 3(21) fiduciary?

The key difference between a 3(38) fiduciary and a 3(21) fiduciary is the level of discretion and responsibility they have in managing a retirement plan. A 3(38) fiduciary has full discretion and control over the investment decisions, while a 3(21) fiduciary provides investment recommendations but does not have final decision-making authority.


Corporate Fiduciary Duties?

Corporate fiduciary duties demand that the "fiduciary," (who is given legal control over funds), establishes a "standard of care" that rejects normal self interest for the benefit of the corporation's finances. The fiduciary must not take advantage of or betray the confidence of the entrusting parties.

Related Questions

Is an agency fund a fiduciary fund?

Yes.


What is the symbol for Fiduciary Claymore MLP Opportunity Fund in the NYSE?

The symbol for Fiduciary/Claymore MLP Opportunity Fund in the NYSE is: FMO.


In what year did Fiduciary Claymore MLP Opportunity Fund - FMO - have its IPO?

Fiduciary/Claymore MLP Opportunity Fund (FMO)had its IPO in 2004.


What is the market cap for Fiduciary Claymore MLP Opportunity Fund FMO?

As of July 2014, the market cap for Fiduciary/Claymore MLP Opportunity Fund (FMO) is $935,316,682.17.


How should governments report fiduciary fund balance and income in government-wide statements?

You do not report Fiduciary Funds in a Government wide report. They do not track business activity. You just need to keep a statement of Fiduciary net assets for business information but this is not reported.


What are governmental fiduciary funds?

Fiduciary funds are those used to account for funds held by the government in trust for others that cannot be used to support the government's programs, for example, an employee pension fund.


Can you be prosecuted for spending money from a trust fund?

Yes, you could be prosecuted. It is a crime to breach the fiduciary duty of a trustee.


What is the term for fiduciary responsibility?

Fiduciary responsibility is a term concerning good stewardship of a portfolio, or a trust fund. In the case of many trust funds, a bank is the trustee of the Trust and by the will or contract made between the grantor and in this case a bank, the bank is obligated to exercise good review and proper care of the contents of the trust. Taxes are often part of the fiduciary responsibility.


How do you obtain funds that are deposited in a fiduciary account?

The fiduciary is the person with the authority to make deposits to and withdrawals from a fiduciary account. If the original fiduciary cannot act a new fiduciary must be appointed.


What part of speech is fiduciary?

It is an adjective or a noun. A fiduciary (noun) is a person who acts in a fiduciary (adjective) capacity.


What is the difference between the trustee and the fiduciary of a trust?

fiduciary and trustee


What responsibilities do the new plan trustees of a retirement fund have in managing the assets and ensuring the financial security of the beneficiaries?

The new plan trustees of a retirement fund have the responsibility to manage the assets wisely, make informed investment decisions, and ensure the financial security of the beneficiaries by following fiduciary duties and acting in the best interest of the fund's participants.