Many pension funds are exploring allocations to cryptoassets. What does that mean for the future of trust in the financial services industry?
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.”
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