Investment
Devoir fiduciaire
A legal and ethical obligation requiring portfolio managers and trustees to act in the best interests of clients or beneficiaries, prioritizing loyalty, prudence, and full disclosure (CFA Institute, ERISA, SEC, MiFID II).
Quick answer: A legal and ethical obligation requiring portfolio managers and trustees to act in the best interests of clients or beneficiaries, prioritizing loyalty, prudence, and full disclosure (CFA Institute, ERISA, SEC, MiFID II).
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Quick answer
A legal and ethical obligation requiring portfolio managers and trustees to act in the best interests of clients or beneficiaries, prioritizing loyalty, prudence, and full disclosure (CFA Institute, ERISA, SEC, MiFID II).
Why it matters
Devoir fiduciaire matters because it supports clear communication in Investment contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Editorial context
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Definition
A legal and ethical obligation requiring portfolio managers and trustees to act in the best interests of clients or beneficiaries, prioritizing loyalty, prudence, and full disclosure (CFA Institute, ERISA, SEC, MiFID II).
Operational example
Fiduciary duty compels asset managers to avoid conflicts of interest and provide transparent reporting to clients and beneficiaries.
Localized term
Devoir fiduciaire
Localized example
Le devoir fiduciaire oblige les gestionnaires d'actifs à éviter les conflits d'intérêts et à fournir des rapports transparents aux clients et bénéficiaires.
Definition language
English reference definition
Source
CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
Target audience
- Financial Analysts
- Bankers
- Traders
