Quotes About Fiduciary

From the perspective of a fossil fuel company, going after these high-risk carbon deposits is not a matter of choice—it is its fiduciary responsibility to shareholders, who insist on earning the same kinds of mega-profits next year as they did this year and last year. And yet fulfilling that fiduciary responsibility virtually guarantees that the planet will cook.

The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty and investment, with funds run by investment professionals. The firm I worked with, Wellington Management Co., they had one fund. That was very typical in the industry... investment professionals focused on long-term investing.

The financial crisis of 2008-09 was in large part the result of the so-called 'success' of people who did not understand their fiduciary duty. This kind of 'success' is extremely harmful to all of society.

A fiduciary standard means, basically, put the interests of the client first. No excuses. Period.

Tout le monde voulait être dans le coup ce jour-là. Car, ce jour-là, on allait écrire l'Histoire avec un grand H. Il y avait eu un ghetto à Cracovie pendant plus de sept siècles, et voici qu'à la fin de la journée, ou au plus tard le lendemein, ces sept siècles ne seraient plus qu'une rumeur, et Cracovie serait enfin fiduciare (débarrassée des juifs).

We're trying to make sure that financial advisers act like lawyers and doctors. When you go to a lawyer or doctor, they have an obligation to put your best interests first. Financial advisers don't.

Left-wing shareholder activists seek to leverage the mass economic power of institutional investors such as pension funds, whose managers are supposed to focus strictly on their fiduciary responsibilities to retirees.

The management of taxable mutual-fund assets without considering the tax consequences of trading activity represents a highly visible, yet little considered scandal. A serious fiduciary with responsibility for taxable assets recognizes that only extraordinary circumstances justify deviation from a simple strategy of selling losers and holding winners.

By relying on the decisions of others to drive portfolio choices, investors fail to take responsibility for the most fundamental fiduciary responsibility—designing a portfolio to meet institution-specific goals.