Fiduciary responsibility requires acting in the best interest of clients from "summary" of Institutional Investment Management by Frank J. Fabozzi
Fiduciary responsibility is a critical aspect of institutional investment management. It entails the duty to act in the best interest of clients, putting their needs above all else. This responsibility is rooted in trust and requires a high level of integrity and ethics from investment professionals. When fiduciaries make decisions on behalf of their clients, they must prioritize the clients' interests over their own. This means avoiding conflicts of interest and making decisions based solely on what is best for t...
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