Certified Trust and Fiduciary Advisor (CTFA) 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is the primary duty of a fiduciary?

Manage assets for personal gain

Act solely on behalf of the clients

The primary duty of a fiduciary is to act solely on behalf of the clients. This fundamental responsibility hinges on the fiduciary's obligation to prioritize the interests of their clients over their own. This means that all decisions made by the fiduciary should be in the best interest of the client, ensuring that they remain transparent and focused on the client’s needs and goals.

This duty is rooted in the trust placed in the fiduciary by the client, which involves a commitment to loyalty, full disclosure, and the avoidance of conflicts of interest. By focusing solely on the clients' needs, fiduciaries help to build and maintain trust, which is crucial in any advisory or financial management relationship. Acting with undivided loyalty fosters an environment where clients feel secure and valued, which is essential for effective fiduciary relationships.

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Maintain personal interests in all transactions

Minimize client involvement in decisions

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