06/18/2026 | Press release | Archived content
The author describes three types of fiduciaries: moral fiduciaries who act based on personal character, legal fiduciaries bound by federal or state law and ethical fiduciaries guided by a professional code of standards. CFP® professionals fall into the ethical category, committing to CFP Board to act as a fiduciary - which means to act in the best interests of the client at all times when providing financial advice and financial planning.
Kiplinger