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Questions and Answers
Who can act in a fiduciary capacity to another party?
Who can act in a fiduciary capacity to another party?
- A pension plan manager
- A corporate trust company
- A bank's trust department (correct)
- A financial adviser
Which one of the following is a key characteristic of a fiduciary?
Which one of the following is a key characteristic of a fiduciary?
- They hold a legal or ethical relationship of trust with one or more parties (correct)
- They provide aid, advice, or protection to another person
- They are responsible for managing money or assets for another person
- They act in a position of vulnerability
Which of the following are considered fiduciaries under applicable statutes and laws?
Which of the following are considered fiduciaries under applicable statutes and laws?
- Financial advisers
- Financial planners
- Asset managers
- All of the above (correct)
What does good conscience require a fiduciary to do?
What does good conscience require a fiduciary to do?
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In a fiduciary relationship, what does one person do in relation to the other?
In a fiduciary relationship, what does one person do in relation to the other?
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Which of the following is the primary responsibility of a fiduciary?
Which of the following is the primary responsibility of a fiduciary?
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Who can be considered a fiduciary under applicable statutes and laws?
Who can be considered a fiduciary under applicable statutes and laws?
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What is the role of a corporate trust company in a fiduciary relationship?
What is the role of a corporate trust company in a fiduciary relationship?
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What is the requirement of a fiduciary in a relationship?
What is the requirement of a fiduciary in a relationship?
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Which one of the following professions is considered a fiduciary?
Which one of the following professions is considered a fiduciary?
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