A fiduciary relationship implies a higher level of trust and duty where one party is required to act for the benefit of another concerning specific property or rights. If an individual abuses this relationship to misappropriate assets, it elevates the transgression to embezzlement, as there is an expectation of trust and ethical management that has been breached.
For example: An investment advisor who uses clients’ funds for their own investments without consent breaches the fiduciary relationship and commits embezzlement.