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Deputy Labor Secretary Patrick Pizzella. Deputy Labor Secretary Patrick Pizzella.

Although “fiduciary” is not a word used in everyday conversation, it’s a term every investor would do well to learn. ”Fiduciary” principles — derived from the Latin word for “trust” — have become a mainstay of modern law and society.

Having debuted in written law during the time of the Romans and gained prominence in English common law, today fiduciary principles are called upon to govern relationships of trust spanning many sectors, including retirement plans and health care, charities, family relationships and guardianships, corporations and employment, bankruptcy and trusts, and the list goes on.

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