MARKET COMMENTARY

Fiduciary Duty Works Here

Fiduciary duty has been in the news over the last few years. Vincent shares his views and illustrates how it’s applied at Fiduciary Trust Canada

06.30.2018 - Vincent Tonietto - Vice President, Portfolio Manager

It’s a word that’s withstood the test of time. “Fiducia,” Latin for trust, has been part of the language since the 16th century. Today, it’s part of our company’s name and integral to the relationships we share with clients. We asked Vincent Tonietto, Vice President and Portfolio Manager, for his thoughts on fiduciary duty.

Q: For the last several years, we’ve seen a lot of discussion about fiduciary duty and the financial services industry. What are your thoughts?

Vincent Tonietto: The 2008 financial crisis sparked a spike in concern about protecting investor interests, further regulating financial advisors and the financial services industry. From our perspective, fiduciary duty is far from a new concept. In fact, it’s deeply rooted in our culture, originating with the founding of our sister company Fiduciary Trust International in 1931.

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Vincent Tonietto - Vice President, Portfolio Manager

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