What is the primary role of a fiduciary?

The primary role of a fiduciary is to manage another person's financial affairs responsibly. This means that a fiduciary has a legal and ethical obligation to act in the best interests of the individual or entity they represent. Their responsibilities typically include handling assets, making investment decisions, navigating financial transactions, and ensuring that the interests of the person they are serving are prioritized above their own.

Fiduciaries are expected to demonstrate a high standard of care and loyalty. This trust relationship is foundational in various contexts, such as legal guardianship, estate management, and financial advising, where the fiduciary must always act in good faith and disclose relevant information to those they represent. This commitment to another’s welfare is what distinguishes fiduciaries from other financial roles, such as simply advising clients or managing their own investments.

The other options provided do not align with the legal and ethical framework that guides the role of a fiduciary, as they emphasize self-interest, specific financial advice, or representation in legal matters, rather than the primary duty of managing another's financial affairs with care and responsibility.