Fiduciary Services
A fiduciary is required to act in another party’s best interest. At CNB Bank & Trust, N.A., this means putting your needs first through objective guidance, clear communication, and oversight focused on your goals and long-term success.
The Importance of a Fiduciary Advisor
A fiduciary is a person or entity entrusted with the authority and responsibility to act on behalf of another in situations that demand complete trust, good faith, and honesty. Fiduciary advisors can include banks, trust companies, attorneys, and certified public accountants (CPAs). Under federal law, fiduciaries are legally required to act in the best interest of their clients—placing their clients’ needs above their own and maintaining transparency in all actions. They are also duty-bound to avoid any activity that may present a conflict of interest, ensuring that every decision made serves the client’s best interest with integrity and impartiality.
Fiduciary Standards
- Recommendation Requirements: Must be in client’s best interest
- Disclosure Requirements: Required to disclose conflicts of interest
- Loyalty Requirements: Must be loyal to the client and act in good faith
Suitability Standards
- Recommendation Requirements: Must be suitable for the client
- Disclosure Requirements: Less strict rules regarding disclosure of conflicts of interest
- Loyalty Requirements: May be loyal to the broker-dealer, not necessarily the client
Why Choose CNB Bank & Trust, N.A.?
At CNB Bank & Trust, N.A., our fiduciary commitment means we are legally and ethically bound to act in your best interest. We provide objective guidance, maintain transparent communication, and make decisions that align with your unique financial goals. Our comprehensive suite of services includes trust and estate administration, investment management, and endowment management—offering the expertise and support you need whether you're planning for retirement, managing an estate, or overseeing a nonprofit's finances.
We understand that no two clients are alike. That’s why we take a personalized approach, working closely with you to craft strategies tailored to your individual needs and long-term vision. Our team is made up of experienced trust and investment professionals who are dedicated to managing your assets with care and precision. With strong roots in the communities we serve, CNB Bank & Trust, N.A. remains committed to building long-lasting relationships and supporting you through every stage of your financial journey.
Fiduciary Services We Provide
Trust Administration
We serve as a reliable trustee, managing assets according to the terms of your trust and ensuring your intentions are honored.
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Estate Administration
Our team provides compassionate, experienced support through the estate administration process, handling responsibilities with professionalism and care.
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Investment Management
We offer disciplined portfolio management that aligns with your goals, risk tolerance, and fiduciary responsibilities.
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Endowment Management
We help institutions fulfill their missions through sound investment strategies, transparent reporting, and long-term stewardship.
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Frequently Asked Questions
What is a fiduciary?
A fiduciary is a person or institution legally and ethically obligated to act in the best interest of another. Fiduciaries must provide honest, objective guidance and avoid conflicts of interest.
How is a fiduciary different from a financial advisor?
Not all financial advisors are fiduciaries. Fiduciaries are held to a higher standard of care and are required by law to put your interests ahead of their own, offering transparent and unbiased advice.
Who can benefit from fiduciary services?
Individuals, families, nonprofits, and institutions seeking professional management of assets or guidance with complex financial arrangements can all benefit from fiduciary services.
Does CNB act as a trustee or executor?
Yes. CNB can serve as a trustee, co-trustee, or executor of your estate, helping carry out your wishes with professionalism, continuity, and impartiality.
How does CNB ensure there are no conflicts of interest?
As fiduciaries, we are duty-bound to avoid conflicts. Our decisions are based solely on what is best for you or your organization, with full transparency in all actions.
Why choose CNB for fiduciary services?
With decades of experience and a deep commitment to integrity, CNB offers local, personalized service backed by a fiduciary standard—ensuring your assets are managed with care, accountability, and your best interests at heart.