From short-term greed to a lack of transparency, misaligned interests take on both blatant and subtle forms and lead to an ever-widening trust gap in the wealth management industry. So what are some factors that can foster trust? We asked CFA Institute Financial NewsBrief readers what they thought. Shreenivas Kunte, CFA, analyzes the results.
The world's high net worth individuals (HNWIs) expressed increased trust in wealth managers and were generally upbeat about the economic outlook. On the other hand, HNWIs have much less confidence in the markets and regulators.
“Tone at the top” is a mantra that we hear time and again as the cure for the ethical decay that is permeating financial organizations. But if the industry really wants to create a culture of integrity, it must also establish a “tone at the middle.”
At the recent Global Investment Risk Symposium, John Taft, head of RBC Wealth Management in the United States and author of READ MORE ›
"Why don't we feel better that the markets are up this year?" asked John Rogers, CFA, president and CEO of CFA Institute, in an appearance earlier today on Bloomberg TV. The answer: "It's because ethics matter."
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