What is the difference between a fiduciary duty and a duty of care in FAIS compliance?

What is the difference between a fiduciary duty and a duty of care in FAIS compliance?

• A. They are the same concept.
• B. Fiduciary duty requires loyalty and acting in the client’s best interests; duty of care is reasonable care in delivering services.
• C. Duty of care requires loyalty above all else; fiduciary duty is just regular care.
• D. Fiduciary duty only applies to not-for-profit organizations.

Answer: (B)