An investment fiduciary invests the money of his or her client and so functions not unlike many other members of the financial services industry.  However, they must carry out their work according to fiduciary practices.  The fiduciary standard of care requires that the client’s interests be the advisor’s sole consideration in formulating recommendations or making decisions.  This standard is mandated by federal and state law governing investment advisory firms.  Insurance agents and stock brokers may provide investment services but not as fiduciaries.  This is the highest standard of care in the financial services industry and offers the most protection to you, the investor.