Exam ICWIM Topic 1 Question 9 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 9
Topic #: 1
A fiduciary relationship normally arises between:

Suggested Answer: B Vote an answer

A fiduciary relationship arises when one party is legally obligated to act in the best interest of another. This relationship is characterized by trust and confidence. A classic example is the relationship between a lawyer and their client, where the lawyer must prioritize the client's interests above their own.
* Husband and wife (A): This is generally not a fiduciary relationship but rather a personal relationship.
* Company and suppliers (C): This is a contractual, not fiduciary, relationship.
* Head of state and government (D): This is a political or constitutional relationship, not fiduciary.
References:
* International Certificate in Wealth & Investment Management: Fiduciary duties and examples.
* Legal definitions of fiduciary relationships in professional settings.

by Ahern at Jun 21, 2025, 10:21 AM

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