Fiduciary Definition

Under ERISA, any person who: (a) exercises any discretionary authority or control over the management of a plan or the management or disposition of its assets, (b) renders investment advice for a fee with respect to the funds or property of a plan, or has the authority to do so, or (c) has any discretionary authority or responsibility in the administration of a plan.

For over 1,000 additional terms and definitions please see our Investment Glossary Guide.

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