why does someone need a fiduciary 
working with a fiduciary means that you can be assured that a financial professional will always be putting your interests first and not their own this means that you don t have to worry about conflicts of interest misplaced incentives or aggressive sales tactics the bottom linea fiduciary is a person or other entity in a position of control and influence over another person s property or finances the concept of fiduciaries can be found in a wide array of legal contexts in the united states and throughout the world fiduciary relationships are most often found when individuals are entrusted with carrying out a particular act for another such as a trustee handling assets on behalf of a trust beneficiary the term fiduciary is widely used in the context of financial advising and brokerage relationships when the client s best interests must be put first because of the significance of these fiduciary relationships new legal challenges often arise concerning properly carrying out one s fiduciary responsibilities 