It is crucial to acknowledge that investors deserve an underlying investment environment that is fair and transparent
One of the key buzz words in the investment management industry today is “value.” There are some who question whether investment professionals are capable of providing value anymore to clients and point to the rise of passive investment and of robo-advisers as proof that investors are increasingly disillusioned. In addition, investment thought leaders pontificate about the so-called demise of active investment management. Meanwhile, regulators have succumbed to outside pressures and are taking a more active role in our business. If we don’t reform ourselves, we can count on them to do so by enacting regulation that in some instances may be invasive, negative, disruptive and have unintended consequences.
Let’s be clear, the effects of the global financial crisis still linger today with society at large. Our image is still under intense pressure. Multibillion dollar fines and settlements involving major financial services companies continue to be levied and there continue to be negative portrayals of investment professionals in recent Hollywood blockbusters and television shows. While it is predicted that an additional 1 billion middle-class consumers will emerge globally in the next few years, representing the largest single decade increase in potential clients in history, investors still need to be convinced that investment professionals work to meet clients’ investment objectives and create positive social impact. In order to thrive, we need to better demonstrate what it means to be a professional by promoting the highest standards of education, competence, and professional conduct.
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