4 November 2011

10 commandments for protecting clients

A banker from Switzerland's Baumann & Cie has published an admirable list of ten commandments (in German) that a client advisor should adhere to in order to put the client's interests above any internal pressure to generating fees. These ten commandments are admirable as a declaration of intent. But how can a client be sure that they are adhered to? Trust is good but control is better and an independent advisor will make sure that this checklist (and additional precautions regarding risk, performance measurement and fees) is followed.