Fiduciary FAQs

Some states, including Arizona, take an interest in the clients who are somewhere in between being impoverished and having abundant resources. The Arizona Supreme Court has an active licensing program that can be accessed at https://www.azcourts.gov/cld/Fiduciary-Licensing-Program. This website informs the public of the licensing criteria for a licensed fiduciary in Arizona, gives the public access to any complaints filed against that fiduciary, and allows the public to view the intent of the program. The private fiduciary role allows an individual assurances that the individual they are hiring has a baseline educational experience and baseline bonding and securities in place to insure that they will make their best efforts in the personal and financial decision-making for an individual. The private licensed fiduciary is not a bank or investment company. Such a fiduciary manages money but does not personally invest, so they cannot make commissions or fees from financial products. Therefore, most licensed fiduciaries do not have a minimum asset threshold for their clientele.

LEARN MORE ABOUT THE AUTHOR