Fiduciary Certification


DEFINITION of 'Fiduciary Certification'

The certification process to ensure that fiduciaries uphold the prudent investment guidelines and practices set forth by state regulations. A certified fiduciary needs to fulfill all legal requirements set forth by the designation and adhere to the best practices doctrine.

BREAKING DOWN 'Fiduciary Certification'

Fiduciary certifications are distributed at the state level and can be revoked by the courts if a person is found to neglect his or her duties. To become certified, a fiduciary is required to pass an examination that tests his or her knowledge of laws, practices, and security related procedures such as background checks and screening.

  1. Fiduciary

    A fiduciary is a person who acts on behalf of another person, ...
  2. Fiduciary Abuse

    Describes a situation in which an individual who is legally appointed ...
  3. Fiduciary Negligence

    A professional malpractice in which a person fails to honor his ...
  4. Fiduciary Risk

    A type of risk that accounts for the possibility of a trustee/agent ...
  5. Financial Planner

    A qualified investment professional who helps individuals and ...
  6. Series 6

    A securities license entitling the holder to register as a limited ...
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