What is a Fiduciary?
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Our Litigation Attorney Explains Fiduciary Duties
In the following video, commercial litigator Patrick Montoya discusses the responsibilities of a fiduciary as well as their obligation to make wise choices when handling your money. When a fiduciary fails to provide a reasonable duty of care, you may suffer serious financial losses. The litigation lawyers at Colson Hicks Eidson have years of experience pursuing litigation against those responsible for professional malpractice. Speak with us if the careless actions of a fiduciary have affected you.
Many times people hear the term “fiduciary duty,” and they’re not sure what it means. A fiduciary is somebody who is responsible for your funds or something that you’ve placed in their trust. A fiduciary duty is a trust relationship that’s created between you and the fiduciary. The fiduciary has an obligation and a duty to make sure that your money is kept properly, that it’s kept responsibly and that it’s invested responsibly and not unwisely.