Fiduciary Services

What Is a Fiduciary Duty?

Fiduciary duty refers to the relationship between a fiduciary and the principal or beneficiary on whose behalf the fiduciary acts.

The fiduciary accepts legal responsibility for duties of care, loyalty, good faith, confidentiality, and more when serving the best interests of a beneficiary. Strict care must be taken to ensure that no conflict of interest arises to jeopardize those interests.

ZENRON Corporate Fiduciary Services

Neutrality

One of the important things about a corporate fiduciary is that it will not be directly tied to your beneficiaries, thus avoiding any emotional stress or fear.

This could happen if your fiduciary is a family member or friend.

Another advantage is that the corporate confidant will not be influenced by your past, nor by your current life. They will therefore manage the property as stipulated in the explicit terms of your last will and/or contract.

High Standard of Care

As corporate fiduciaries are only legal entities, they must be licensed, have their own insurance and are also subject to strict regulations. Thus, they adhere to a high standard of care.

So if it happens that the corporate creditor makes a mistake, then the judge will rule against the institution which be liable for the mistake.

This generally does not occur with an individual fiduciary who has little or no wealth management experience. They will therefore be liable for an act or omission that constitutes gross negligence.

Expert Management

Firemní důvěrníci jsou opravdoví profesionálové. Ti mají více zaměstnanců s bohatými zkušenostmi, kteří se budou starat o správu majetku a správou opatrovných nebo také svěřenských účtů.

Spolu s manažery portfolia budou obezřetně investovat svěřenské fondy. Což opět povede k investičním službám a k odbornému řízení.
Company fiduciaries are true professionals. They have more employees with rich experience who will take care of asset management and the management of custodial or trust funds.

Together with the portfolio managers, they will manage the trust funds and investments.

Single Point of Contact

A corporate fiduciary will have all the resources he manages, accounts for or invests in under control. For example, mediation services, investment services or business and real estate management services will also be included.

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