fiduciary.com

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{
  "@context": "https://schema.org",
  "@type": "DefinedTermSet",
  "name": "Fiduciary Terms",
  "description": "A glossary of terms related to the concepts of fiduciary duty and financial professionals.",
  "creator": {
    "@type": "Organization",
    "name": "Fisher Investments"
  },
  "datePublished": "2025-07-09",
  "hasDefinedTerm": [
    {
      "@type": "DefinedTerm",
      "name": "Fiduciary",
      "termCode": "FID",
      "description": "A fiduciary is a person or organization legally and ethically required to put your interests over their own."
    },
    {
      "@type": "DefinedTerm",
      "name": "Fiduciary Duty",
      "termCode": "FD",
      "description": "A legal and ethical obligation for investment advisers under the Investment Advisers Act of 1940 to act in the best interest of their clients, encompassing both the duty of loyalty and the duty of care.  "
    },
    {
      "@type": "DefinedTerm",
      "name": "Registered Investment Adviser",
      "termCode": "RIA",
      "description": "Professionals or firms offering ongoing securities and investment advice. They are regulated under the American Investment Advisers Act of 1940 and subject to the supervision of the Securities and Exchange Commission or state regulators. They are legally obligated to act as a fiduciary."
    },
    {
      "@type": "DefinedTerm",
      "name": "Attorney",
      "termCode": "ATT",
      "description": "Lawyers are fiduciaries who provide legal counsel to clients. In practice, this means lawyers must put a client’s well-being first, avoid conflicts of interest, act within the law and keep all information confidential."
    },
    {
      "@type": "DefinedTerm",
      "name": "Physicians",
      "termCode": "DR",
      "description": "Medical professionals have a fiduciary obligation to patients, by prioritizing patient health and well-being, offering informed care and maintaining confidentiality."
    },
    {
      "@type": "DefinedTerm",
      "name": "Insurance Agent",
      "termCode": "IA",
      "description": "Professionals who sell insurance products and are regulated by state insurance commissioners. They may—or may not—be fiduciaries, dependent upon designations or certifications."
    },
    {
      "@type": "DefinedTerm",
      "name": "Broker-Dealer",
      "termCode": "BD",
      "description": "Individuals or firms that buy and sell securities for clients and/or their own accounts. They are held to the Regulation Best Interest standard rather than the fiduciary standard."
    },
    {
      "@type": "DefinedTerm",
      "name": "Regulation Best Interest",
      "termCode": "REGBI",
      "description": "A standard established by the SEC in 2020 aimed at improving broker-dealer practices to address the gap between “suitable” advice and “best” advice for broker-dealers. Under Reg BI, broker-dealers are expected to act in the best interests of customers only when making financial recommendations. It falls short of the continuous fiduciary duty that Registered Investment Advisers owe their clients."
    }
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