Listen "Fiduciary"
Episode Synopsis
📌 Episode Summary:In this episode of What Is Wealth Management, we’re tackling one of the most overused—and misunderstood—words in finance: fiduciary. You’ve seen it plastered across websites and pitch decks, often delivered with dramatic weight, as if simply saying the word should make you trust someone.But here’s the truth: most investors have no idea what it actually means.We break it down simply. A fiduciary is someone legally required to put your interests ahead of their own. It’s not just a promise—it’s a binding obligation. But the history of this idea? It’s richer than most advisors let on.We trace the origins from ancient Rome, through English common law, to its modern-day battle in U.S. finance—highlighting how a word born from trust has become a buzzword in boardrooms.This episode pokes fun at the way some advisors weaponize jargon while reminding listeners why fiduciary responsibility still matters—maybe more than ever.🔑 Takeaways:Why “fiduciary” sounds profound but is often poorly explainedThe Roman and legal roots of the termWhat it actually means for your financial lifeHow to ask the right questions to see if your advisor walks the walk
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