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Fiduciary responsibilities are critical part of which relationship---customer or client? Why?


Fiduciary responsibilities are critical part of which relationship---customer or client? Why?

Step 1

Fiduciary responsibility is the harmonious relationship of trust between a fiduciary agent and a customer or client. The fiduciary should work in the best interest of both the clients or customer.

Step 2

However, the relationship between fiduciary agent and its clients is more critical. This is because, their relationship will be for a long period of time and will also be legally bound. Generally, the relationship between a fiduciary agent and customers will not be legally bound.

Step 3

Most critical responsibility of a fiduciary agent towards its clients: A fiduciary agent should never ...

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