Why take on the responsibility of fiduciary duty if you don’t have to? We can serve as fiduciary agents instead and remove some of the burden of financial management.
Fiduciary Services
What is a Fiduciary?
When you serve as a fiduciary for someone else, you’re required by law to act in their best interest while managing their money and property. Financial institutions like First Financial can serve as a professional fiduciary for anyone who is unable to manage their own finances and assets.
What Are Fiduciary Duties?
When it comes to fiduciary responsibility, there are four primary duties:
- Act in the best interest of the person you’re responsible for. When making decisions about their property or money, you must do what’s best for them, not you.
- Pay attention to details. Being a fiduciary can involve bill pay, reviewing bank accounts, and other tasks that require careful organization and attention to detail.
- Separate their assets from yours. As a fiduciary, you should never mix the property and money of the person you’re responsible for with your own assets.
- Keep accurate records. You must keep track of financial transactions and property records.
Talk with a Fiduciary Today!
If you or a loved one are in need of a fiduciary, First Financial can help. As a professional fiduciary, we can act in your best interest with managing your finances and assisting with decision making. Contact a wealth manager to learn more about our fiduciary agency services. You can also make an appointment at your nearest First Financial Banking Center in Indiana, Illinois, Kentucky, or Tennessee.
Your Trusted Fiduciary
You need a fiduciary who can be complete partner for all your trust and investment needs. First Financial can assist in providing that financial security. Contact us now so we can help. Call us at 812-238-6257 to talk to an advisor.
We want you to know that investment products provided by Trust & Asset Management of First Financial Bank:
- Are not a deposit
- Are not FDIC insured
- Are not insured by any federal government agency or the bank
- May lose value
