Until I read The Millionaire Real Estate Agent by Gary Keller I had no idea of the difference between a functionary and a fiduciary. According eh..hem..Wikipedia.. "In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance and trust in another whose aid, advice or protection is sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts." I'm reminded of this after receiving a disappointing phone call from my wife concerning my daughter and one of our employees. The reason for my disappointment ....Imagine making Mercedes Benz payments for 6 months only to find out your driving a ford Taurus.... Now I know....
• Plan/Do/Review
