A Fiduciary—rooted in the Latin words ‘fides’ (faith) and ‘fiducia’ (trust)—must act prudently, disclose all relevant information, eliminate as many conflicts of interest as possible and disclose any that remain.

 

From “Advisers Who Call Themselves Fiduciaries May Not Live Up to It,” by Jason Zweig, in The Wall Street Journal, Feb. 2017.