is anyone with legal responsibility for managing somebody else’s money, such as a member of the investment committee of a charity.
5 common misconceptions about fiduciaries:
#1: Everybody Is a Fiduciary
#2: There Is Always a Test or License
#3: Fiduciary Law Is Easy to Enforce
#4: A Fiduciary Guarantees a Profit or Protection from Losses
#5: Fiduciaries Are Always Honest