by Tom Bradley
You’ve no doubt come across Bruce Sellery somewhere in your travels. He’s regularly in the media discussing personal finance and has written two books, including Moolala: Why smart people do dumb things with their money (and what you can do about it).
He also has a website and podcast called Moolala. In a recent episode, he talks with our own Salman Ahmed about stewardship, something near and dear to our hearts.
As a reminder, stewardship is the alignment of interests between investor and investment provider. For example, high fees are good for the investment dealer and bad for the investor. In other words, poor alignment. Clear and unambiguous client reporting benefits the investor and the firm. Strong alignment.
Salman does a good job of outlining what investors can do to make sure their advisor rates highly on stewardship. Of course, he speaks from a position of strength. In 2017, Morningstar, a global investment research firm, said, "Steadyhand remains the poster child of a good steward. The firm continues to stand out for its transparency, consistent approach to investment management and investor-first orientation."
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