96% of financial pros say industry has a trust problem
January 12, 2015 by Danielle Andrus
Financial services providers agreed almost unanimously that the public doesn’t trust the industry, and they appear to be shouldering most of the responsibility for that lack of trust.
According to the CFA Institute’s Global Market Sentiment Survey, 63 percent of professionals — that includes portfolio managers, research consultants, advisors, consultants and C-level executives — said lacking an ethical culture was the factor contributing most to the public’s lack of trust in the industry. Sixteen percent put the blame on ineffective government regulations. Click HERE to read…