This activity sheet is for heavy equipment operators and their supervisors. It should be used in conjunction with the activity sheet for the activity in which the heavy equipment is being used (building demolition, utility restoration). Additionally, operators of cranes and aerial lifts should also refer to the precautions outlined in the activity sheets for those operations.
A fiduciary relationship can be found where, in the actual circumstances of the relationship, the principal can expect the fiduciary to act in his (the principal's) interests in the relationship in a fiduciary manner.
Once the client leave's this advisor's office, they have little further legal obligation to monitor this client's investment. The picture is much different under the fiduciary standard. First, all conflicts of interest must be disclosed â not telling a client you have a conflict of interest isn't an option. Also, a fiduciary has a duty to care and must continually monitor not only their client's investments, but also their changing financial situation. Maybe this client's risk tolerance changed after going through a painful bear market. Perhaps there was a tragedy in the family, causing the client's medical expenses to skyrocket.