An institution or a person responsible for making all investment, management, and dis-tribution decisions in an account maintained in the best interests of another is known as

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Zoha Ali Khan · Answer 1 · 2024-02-09T03:20:41+0000

Final answer:

A fiduciary is an institution or person responsible for making all investment, management, and distribution decisions in an account maintained in the best interests of another.

Step-by-step explanation:

An institution or a person responsible for making all investment, management, and distribution decisions in an account maintained in the best interests of another is known as a fiduciary. A fiduciary has a legal and ethical obligation to act in the best interests of the account holder and must prioritize their interests over their own.

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