The Difference Between a Functionary and a Fiduciary
In the past clients always ask us what the difference of Functionary and Fiduciary is. So we created a small chart so you can compare the differences.
Functionary | Fiduciary |
Low Level | High Level |
Low Relationship | High Relationship |
Asumes Little Responsibility | Accepts High Responsibility |
Uses Low Skill | Masters High Skill |
Records Information | Percieves Information |
Responds to Needs | Anticipates Needs |
Processes Data | Interprets Data |
Narrow Picture Viewpoint | Big Picture Viewpoint |
Delivers Information | Advises and Consults |
Other-Directed | Self-Directed |
Minimum Legal Responsibility | Maximum Legal Responsibility |
Employee | Partner |
Does the Tack | Owns the Result |
Tells and Sells | Educates and Guides |
Stays out of Decision Making | Involved in Decision-Making |
Follows Rules and Procedures | Uses Judgment and Intuition |
Replaceable | Irreplaceable |
Minimally Paid | Highly Paid |