The Difference Between a Functionary and a Fiduciary

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
Share this Post: