A professional is said to have fiduciary duties if he has a professional and ethical obligation to clients rooted in trust that overrides his personal interests.
If a professional has a trust-based professional and ethical duty to clients that outweighs his own interests, that professional is said to have fiduciary duties. Based on a specified set of norms for what is right and wrong, an ethical obligation is something that one is expected to perform or is forced to do.
According to a ethical obligations, there are some things that a person is required or ought to perform. Laws, religion, or personal beliefs are not the only sources of ethics, although they can be codified to specify the duties of professionals like lawyers and doctors.
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