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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.
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To whom does Joe Moneybucks Tycoon owe a fiduciary responsibility?
His shareholders
What are the salient features of financial services?
intangibility inseparable heterogeneity perishability fiduciary responsibility
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.
To whom does the listing broker owe direct fiduciary responsibility?
The listing broker is contracted to the seller, is an agent of the seller and owes fiduciuary responsibility to the seller.
What is a Fiduciary deed?
A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.
What does C.F.R. 404c require of fiduciaries?
THE FOLLOWING URL WILL EXPLAIN THE DIFFERENCE BETWEEN FIDUCIARY RESPONSIBILITY AND NON-FIDUCIARY RESPONSIBILITY AS SEEN FROM THE PERSPECTIVE OF LICENSED ADVISORS IN THE BUSINESS OF WATCHING OTHER PEOPLE'S MONEY AND OR ADVISORS WHO ACT FOR THEM OR CONSULT WITH THEM.http://www.paragonwealth.com/about_paragon/fiduciary_advisor.phpGOOD LUCK
What does it mean that a management has Fiduciary Duty with respect to shareholders?
It is not management that has this responsibilty per se, but the owner of an incorporated busines selling stocks. Such businesses MUST make money for their shareholders as part of their fiduciary duty/responsibility.
The theory of business social responsibility that holds that a business owes duties solely to produce the highest return for its shareholders is?
It is called a "fiduciary" responsiblity.
What is the Tagalog term for responsibility?
Tagalog Translation of RESPONSIBILITY: responsibilidad; tungkulin
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
