‘What is a fiduciary? A person or firm who accepts a responsibility to look after the interests of another and to place the interests of the other party before their own.’
Today’s post is a blast from the past. In reality it’s an article I wrote for the FT back in 2010 in answer to a an article by an analyst and head of research at a division of ABN Amro.
I recently attended a presentation by a Robo-Adviser on ‘The Future of Advice’. If it had taken place in the UK I might have sued under the trade descriptions act.
Firstly please excuse some of the language in this blog. I know my mother reads it so I’m sure I’ll be getting an angry call at some stage but my feeling are strong on this issue.
The recent rise of so called robo-advisers sparked some thoughts about the importance or not of human interaction in the financial advice process.
Over the last few years, private equity investing and in particular, venture capital have generated more than their fair share of headlines.