The what and why of the word ‘fiduciary’
The global fiduciary industry has its roots in SA with the first estate ever handled by a corporate body occurring here in 1834
03 December 2019 - 11:38
Many people may have come across the word “fiduciary” and yet may not fully understand what it means.
The word comes from the Latin “fiducia”, meaning “confidence, trust, or reliance”. In its most literal sense, fiduciary means looking after something on someone else’s behalf. In fact, the mere act of entrusting someone with something to give to another involves a fiduciary relationship...
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