We’re close to welcoming the 900th asset management firm to the list of those who claim compliance with the Asset Manager Code of Professional Conduct. Read more
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Bob is head of standards of practice and outreach at CFA Institute. He is responsible for developing, maintaining, and promoting the Code of Ethics and Standard of Professional Conduct as well as other CFA Institute standards of practice. He also oversees external relations and communications functions for our advocacy and standards of professional conduct activities.
Fidelity’s Andrew T. Fay estimates that the expense of running a single family begins to be justified at approximately $300 million in assets. Those who opt to pool expenses in a multifamily office, however, are sacrificing some degree of customization. Read more
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High-net-worth investors aren’t yet convinced that their investment managers are earning their keep. So said Scott Welch of Fortigent at the opening session of the Wealth Management 2013 conference in Boston today. “One of the few tangible things you can produce to prove you’re earning your fees is the performance report,” Welch said, adding that in his view, the current state of reporting is “shockingly bad.” Read more
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Outside of the judicial system, we’re not so used to seeing reports of bad conduct in which firms and individuals are named. Given that investment management depends on a foundation of trust, practitioner reputations are indeed valuable and deserving of protection. Read more
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The Financial Times’ John Gapper raises the very interesting question of whether otherwise good people can justify unethical activity when “norms and expectations of the corporate elite are corrupt.” Bob Dannhauser, CFA, examines the culture of insider trading. Read more
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Innovation has been a mixed bag for investors, according to an expert panel convened at the 65th CFA Institute Annual Conference in Chicago. Read more
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Innovation has been a mixed bag for investors, according to an expert panel convened at the 65th CFA Institute Annual Conference. Read more
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Bob Dannhauser, CFA, examines how a research paper on the London Stock Exchange informs the debate over balancing regulatory compliance costs with improved corporate governance and investor protections. Read more
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The current state of U.S. regulatory reform is an example of regulatory fragmentation that threatens the kind of coordinated response required to deal effectively with systemic risks.
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In a recent CNBC guest blog post, CFA Institute President and CEO John Rogers, CFA, assesses Wall Street’s trust problem and the potential for investment professionals to contribute value for their clients and for society.
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