What is a fiscal agent?

A fiscal agent is a financial institution or individual appointed to manage and oversee the financial affairs of an organization, government entity, or individual. They are responsible for handling financial transactions, managing investments, preparing financial statements, and ensuring compliance with financial regulations.

Fiscal agents may also provide advisory services, such as financial planning, budgeting, and risk management. They act as a fiduciary on behalf of their clients, making financial decisions that are in their best interests.

Fiscal agents are often used by organizations that do not have the expertise or resources to manage their own finances effectively. They can help streamline financial operations, improve financial performance, and reduce risks associated with financial management.

Overall, a fiscal agent plays a crucial role in maintaining the financial health and stability of their clients, ensuring that their financial goals are met and their assets are protected.