One such as an agent of a principal or a company director that stands in a special relation of trust, confidence, or responsibility in certain obligations to others.“Fiduciary” is one of the most important terms in 3rd party asset management – its also one of the least understood. At Metro Commercial Properties, we ensure that all of our employees understand their fiduciary role, in particular the maintenance of client trust, confidence, and the proper use and limits of client delegated authority.
We teach all employees to always think like an owner. But we instruct them to act solely as a fiduciary for the benefit of our clients. We understand our responsibility as local development and management agent for our clients. We don’t confuse responsibility with authority, and we take the necessary steps to ensure our clients and our property tenants recognize and respect that distinction.
As a fiduciary, we act in your best interest, according to the responsibility you place upon us, and within the authority to which you delegate to us. We are trained to think outside the box…but are managed to always color within the lines! Maintaining trust and respect as your fiduciary is a cornerstone to the measurement of our success.
A relationship between individuals or groups that is characterized by mutual cooperation and responsibility, and a sharing of profits and losses.
We view our service business to be in “partnership” with our clients.
Though we contractually serve the needs of our clients in a fiduciary role, we view our broader relationship as that of partners. The growth and profitability of our business is a direct result of the growth and profitability realized by our clients. Our success is not at the expense or our clients. Our success is in partnership with our clients.
We strive to work and associate with talented people in the real estate business that we trust, that trust us, and that share our guiding principles.
As partners, we have a mutual and reciprocal obligation to each other. We succeed together, and on occasion we fail together. But we always perform, grow, and are rewarded together...as partners.