Asset Management Expert A Simple Approach To Conflicts Of Interest
First, let’s define a conflict of interest. Merriam-Webster defines a conflict of interest as “a conflict between the private interests and the official responsibilities of a person in a position of trust.” These conflicts can exist within the day-to-day core activities of any investment adviser. From dealings with affiliated entities to the timing and selection of investments for different client accounts, to the possible preferential treatment of one account over another due to the difference in fees charged, potential conflicts should be considered by every investor prior to handing them assets to manage on your behalf....