Fiduciary is a funny word

first_imgThe F-word above has its roots in Latin with the basic meaning of trust. The word faith has a similar root from the Latin fides, which means trust. But you didn’t come here for an etymological lesson.A fiduciary is a person or organization that acts on behalf of and in the best interest of an individual or individuals. The word itself is very broad and doesn’t necessarily relate to finances. However, within finances, fiduciaries are common, and you’ve interacted with many if you’ve walked into a credit union branch. Any member service rep, accountant, or financial advisor likely falls under the category of fiduciary.Fiduciaries are bound both legally and ethically in their duties to another person or persons. You may have heard of the “prudent-person rule.” In short, the fiduciary cannot and will not allocate or use assets belonging to the principal in a way the principal themselves would not use.This is interesting in the case of board members. Board members are honor-bound to make decisions that are best suited for the the credit union and its members, regardless of whatever information might be yielded from an examination into a particular matter. Obviously, this doesn’t require or condone board members breaking the law, but you understand the point. Board members have a fiduciary responsibility to the credit union and its members.Consider the relationship between a lawyer and their client, and that will give you a strong idea of how strong the fiduciary responsibility can be.There is something called a fiduciary risk. This doesn’t necessarily mean that the fiduciary is being shady or underhanded with assets entrusted to him or her. This could just mean that they kind of suck at their job. They make honest mistakes. The flip side to that is someone who is using a principal’s assets for their own personal gains. That’s called fiduciary abuse.The next time you walk up to a credit union teller or you have a meeting with your attorney, understand they have a fiduciary responsibility to you. This means they are to work or fight for you and on your behalf, making the best possible decisions in your best interests. Remember that last part. These decisions are to be made in YOUR best interest, not theirs. 22SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Derek San Filippo Derek is a freelance writer who spends his off time either working with his rescue animals or writing children’s books. He lives in San Diego with his beautiful wife … Web: www.financialfeed.com Detailslast_img read more

Martin Keown raves about ‘inspirational’ Harry Maguire after Manchester United thrash Chelsea

first_imgMartin Keown raves about ‘inspirational’ Harry Maguire after Manchester United thrash Chelsea Video Settings Metro Sport ReporterMonday 12 Aug 2019 12:34 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1kShares Read More PLAY Top articles Full Screen More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘Harry Maguire reads danger like you or I would read a Beano comic,’ Keown said in his Daily Mail column.‘It comes naturally to the 6’ 4″ central defender and that is what Manchester United have paid good money for.‘When he wins the ball, it is a cue for United to attack. Take a look at their second goal against Chelsea on Sunday.‘The England centre-back wins possession by shrugging off the challenge of Tammy Abraham on the edge of the box. Scott McTominay picks it up, feeds Marcus Rashford, who then finds Andreas Pereira. He crosses, and Anthony Martial scores. About Connatix V67539 Comment Skip Advertisement / Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling Visit Advertiser website GO TO PAGE 1/1 Harry Maguire was named man of the match for his performance against Chelsea (Picture: Getty)Martin Keown showered Harry Maguire with praise after the defender ‘inspired’ the Old Trafford crowd and his Manchester United team-mates to a comprehensive 4-0 victory over Chelsea.Maguire was named man of the match for the performance on his debut as United recorded their biggest home win over Chelsea since 1965, with Marcus Rashford (2), Anthony Martial and Daniel James all finding the net against Frank Lampard’s side.Aaron Wan-Bissaka was also handed his first Premier League start for United and Ole Gunnar Solskjaer’s new look defence were convincing throughout.Former Arsenal centre-back Keown was blown away by Maguire’s display and believes the England international showed why United spent £80m on his signature this summer.AdvertisementAdvertisementADVERTISEMENT by Metro Skip Ad Manchester United captain Harry Maguire 1 min. story ‘We were rewarded’: Solskjaer reacts to 4-0 win over ChelseaTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 8:56Fullscreen’We were rewarded’: Solskjaer reacts to 4-0 win over Chelseahttps://metro.co.uk/video/we-rewarded-solskjaer-reacts-4-0-win-chelsea-1983966/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Maguire was delighted to come away from Old Trafford with three points and a clean sheet.‘It’s a great start for myself and the team,’ the former Leicester star told Sky Sports.‘We rode our luck a bit in the first half but in the second half we were a lot better and I think we thoroughly deserved the three points.‘I was reiterating on the pitch even at 3-0 and 4-0 that we wanted a clean sheet.‘We have to make this place a fortress and a hard place to come and score.’ Read More Read More Lampard speaks to the press after losing 4-0 to Man UtdTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 5:14FullscreenLampard speaks to the press after losing 4-0 to Man Utdhttps://metro.co.uk/video/lampard-speaks-press-losing-4-0-man-utd-1983978/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.MORE: Arsenal star Pierre-Emerick Aubameyang excited to play alongside Nicolas Pepe Advertisement Read More Read More Maguire was a rock at the back for United (Picture: Getty)‘So four passes and precisely 16 seconds after Maguire steals the ball off Abraham, Ole Gunnar Solskjaer’s side have a 2-0 lead. United fans appreciate a good defender.‘Later on in the game, whenever Maguire won a header, whenever he cleared the danger by lumping the ball into Row Z, it was greeted by cheers.‘They love seeing that and the statistics show he made the most clearances, the most interceptions, and the most blocks. He inspired the crowd and his team-mates here. United kept two clean sheets in 19 Premier League outings at Old Trafford last season.‘They conceded 54 goals in total – the most of any of the ‘Big Six’ – and 25 of those came at home. Now, they are off and running in 2019-20.’ Coming Next SPONSOREDlast_img read more