Saskatchewan’s investment management personnel are looking to continue improving standards in 2018.
The CFA Society of Saskatchewan held their 26th Annual Forecast Dinner in Regina Tuesday.
Several luminaries were in attendance, including former Dragons Den star and author David Chilton, as well as CFA Institute President & CEO Paul Smith.
He spoke about the need the dispell the notion of “professional capitalism”, which he says is the idea of convincing someone that without you, they’d be worse off. Smith says there are two ways they’re working to do that: One is by educating holders about the importance of maintaining a strong portfolio.
The second way is built around partnerships.
“The second thing that we do is the catchual phrase called advocacy, which is really working with regulators and thought leadership on how we can build a better investment profession that truly serves society’s needs.”
Another goal they’re working to achieve is connecting people and money to a sense of purpose, which he says if not done, can quickly cause all trust to vanish.
“The problem with investment management is because we are so poorly thought of, is that most people will say, ‘well. I’d rather do it myself.’ ”
“So they choose robo-advisors, passive investments, all sorts of other options.”