“The financial service industry has an image problem,” market information and strategies magazine Financial Advisor wrote after last week’s SIFMA Private Client Conference. “Earning back trust was a common theme during the one-day conference.”
There was optimism as well, with talk of nobility in financial services, increasing the “standard of care” and “stewardship.” But many acknowledged the damage done by market manipulation, bad actors and poor performance, with one speaker venturing that....