What is a Fiduciary?

A fiduciary is held to a standard of conduct and trust above that of a stranger or of a casual business person. He / she / it must avoid "self-dealing" or "conflicts of interests" in which the potential benefit to the fiduciary is in conflict with what is best for the person who trusts him / her / it. The best interest of the beneficiary must be primary, and absolute candor is required of the fiduciary.