| Fiduciary | |
 1. A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profits. 2. A loan made on trust rather than against some security or asset. |
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 1. Children or elderly people typically need a fiduciary. The person who looks after the assets on the other's behalf is expected to act in the best interests of the person whose assets they are in charge of. This is know as "fiduciary duty". |
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 What are the pros and cons of having the company as the trustee versus the plan provider/vendor? Are professionals such as financial planners and brokers liable for the advice they give? Defining Illegal Insider Trading - The better you understand why insider trading can be criminal, the better you'll understand how the market works. |
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