Client swapping is an even less palatable and more hidden feature of the investment industry. It is simple and hard to detect. Manager X brings in a friend, manager Y, to manage an account where X serves as treasurer or investment chair. Manager Y in turn repays the favor by bringing a...
Honesty comes in many forms. First there’s self-honesty. Is what people see the real article or do you appear through smoke and mirrors? I find that if I try to be something I’m not, I feel unsure of myself and take out a part from my PBA(personal bank account). I love how ...
Client swapping is an even less palatable and more hidden feature of the investment industry. It is simple and hard to detect. Manager X brings in a friend, manager Y, to manage an account where X serves as treasurer or investment chair. Manager Y in turn repays the favor by bringing a...
First, broker custody in my opinion is considerably less safe than bank custody. If the broker fails, the client may or may not be able to reclaim funds and may or may not have adequate or effective insurance. In addition, investing cash or trading through the same broker may co...