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Real Estate Glossary

Fiduciary

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Written by Luis Escobar

This is a person who holds an ethical responsibility to a beneficiary. They exercise any discretionary authority over a plan’s asset management, administration, or disposition as well as give investment advice for a certain fee or other forms of compensation with respect to a plan’s assets. Fiduciaries can be held liable for any losses to a plan arising from a breach of fiduciary duty.

This is a person who holds an ethical responsibility to a beneficiary. They exercise any discretionary authority over a plan’s asset management, administration, or disposition as well as give investment advice for a certain fee or other forms of compensation with respect to a plan’s assets. Fiduciaries can be held liable for any losses to a plan arising from a breach of fiduciary duty.

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Luis Escobar

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