the.com/fiduciary

Someone legally required to put your money ahead of their yacht.

means A person or institution legally and ethically bound to act in someone else's best financial interest rather than their own.

from From Latin 'fiducia,' meaning trust or confidence, itself rooted in 'fidere,' to trust. The word entered legal English in the 1700s to describe relationships — like trustee and beneficiary — built entirely on that trust, where one party holds power over another's money or property and is bound by law to use it faithfully rather than selfishly.

origin
latin fiducia, meaning trust
legal bar
higher than mere advice, it is loyalty
not everyone
most financial salespeople owe you no such duty
breach penalty
lawsuits, not just bad reviews
the.com · every word