Our value to workers, retirees, communities, and others should be undeniable. We must prove that value, not only by helping our clients achieve their goals but also by being open and honest about the risks, benefits, and costs of the services we provide. When we make investing more relatable, more transparent, and more client-led, our industry will achieve greater success.
Let’s not forget that the purpose of finance is, and always should be, to increase wealth and well-being. But it isn’t enough to say that we are committed to doing so. We need to demonstrate that commitment by putting investors first. When we lead with honesty and transparency, clients will trust us to guide their financial choices. Not only will we have reclaimed confidence in our profession, we will recover our purpose, and society as a whole will benefit.
So let’s build a better world for investors. Let’s start right now.
Let’s measure up.
Paul Smith, CFAPresident and CEO, CFA Institute