What Is a Fiduciary?
From Financial Matters with Richard Oring by Richard Oring
January 4, 2023 · 22 min · Season 1 · Episode 24
About this episode
Richard Oring explains the concept of a fiduciary and its importance in financial advising.
What is a fiduciary? This is a question that Richard Oring is frequently asked by his clients at New Century Financial Group. When looking for an advisor, it's an important question to ask. A fiduciary is an individual or organization legally required to manage a person's assets for that person's benefit, not their own. Being a fiduciary means a financial advisor is held to a higher standard when making decisions for his or her clients. Fiduciaries must follow "duty of care" a...
People in this episode
Host: Richard Oring
Topics covered
- fiduciary
- financial advisor
- duty of care
- asset management
- client benefits
Keywords
- fiduciary
- financial advisor
- asset management
- duty of care
- client benefits
Mentioned in this episode
Organizations: New Century Financial Group
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