Your Ask Joey ™ Answer

What is a fiduciary fund and what are the different types of fiduciary funds?

A fiduciary fund accounts for assets held in a trustee capacity and can generally not be used to support a government’s own programs. The four common types of fiduciary fund financials include investment trust funds, pension trust funds, private purpose trust funds, and custodial funds:


Back To All Questions

You might also be interested in...