Culture is the most effective risk tool wealth managers are missing out on

'Understanding a firm's culture is understanding its risk profile'

clock • 5 min read

The greatest threats to client outcomes rarely start with a spreadsheet. They start with corporate culture, writes Bev Shah

Risk in wealth management has traditionally been viewed through a familiar lens: performance volatility, liquidity, concentration and counterparty exposure.  Yet recent history has shown the greatest threats to client outcomes rarely start with a spreadsheet. They start with corporate culture. The collapses of once-respected names like Woodford Investment Management and Odey Asset Management were not just stories of poor performance or bad luck. They were failures of governance, transparency and internal challenge. Cultural weaknesses that went unchecked until they became unmanageable...

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