Fiduciary Standards and the Evolution of Wealth Management
Episode 6, Aug 16, 10:16 AM
In this episode, Jean and Andrew Auerbach explore the evolving fiduciary standards in investment management, focusing on the blurred lines between discretionary and brokerage relationships. They discuss the need for enhanced transparency and alignment in compensation models to better serve clients and improve industry practices.
Introduction: Jean and Andrew discuss the Globe column on fiduciary standards in investment management.
Discretionary vs. Brokerage Relationships: Examination of how discretionary investment management differs from traditional brokerage relationships.
Evolving Industry Standards: Discussion on how the lines between discretionary and brokerage relationships have blurred over the past 20 years.
Case Study: Reflection on Claire O'Hara’s article about a potential conflict of interest at a Canadian firm.
Fiduciary Standards: Importance of maintaining high standards of care and transparency in fiduciary relationships.
Compensation Models: Analysis of how compensation structures impact client interests and industry practices.
Regulatory and Industry Alignment: The need for industry-wide conversations and alignment on fiduciary standards and compensation transparency.
Conclusion: Andrew’s call to action for industry-wide improvement and ongoing dialogue to benefit clients and firms alike.
Discretionary vs. Brokerage Relationships: Examination of how discretionary investment management differs from traditional brokerage relationships.
Evolving Industry Standards: Discussion on how the lines between discretionary and brokerage relationships have blurred over the past 20 years.
Case Study: Reflection on Claire O'Hara’s article about a potential conflict of interest at a Canadian firm.
Fiduciary Standards: Importance of maintaining high standards of care and transparency in fiduciary relationships.
Compensation Models: Analysis of how compensation structures impact client interests and industry practices.
Regulatory and Industry Alignment: The need for industry-wide conversations and alignment on fiduciary standards and compensation transparency.
Conclusion: Andrew’s call to action for industry-wide improvement and ongoing dialogue to benefit clients and firms alike.