I am posting this article from our own Forum. Given some questions I am seeing of late I think it is important we all know the difference between a financial INVESTMENT person who calls him or herself a "Fiduciary", and a Professional Fiduciary who might be hired to act as conservator or as POA for an adult without children or trusted friends who are qualified or willing to act in this capacity.
Some Financial Investment folks proudly proclaim themselves as "fiduciaries" when really they are there to invest your money, hopefully for your own profit, but CERTAINLY for their OWN profit. Then there are people who are (at least in California) actually licensed to serve as paid Fiduciaries (about 90.00 and up and hour) to manage life for someone who needs the care of a POA to manage health and financial concerns. There is a world of difference and making the wrong choice is of concern. I went looking for advice online on "google" to see how I could find an article on the difference, and low and behold found this, already posted and published on our own Forum.
I am reposting here just for general information.