Two longtime fiduciary advocates make a pitch for family offices to sign on to standards
After Bernie Madoff and now Kenneth Starr, the family office business seems in need of some better guidelines.
Jan Sackley
I admire the global efforts of these two professionals, but at the same time I am somewhat distressed at the necessity of the project. Recently I was looking at the search terms that brought web users to my website, and I saw this phrase used in a search: “does a trustee have a duty to be honest”. I was stunned that someone even had to ask. But, perhaps I should not have been. How sad.
Jan Sackley, CFE
Fiduciary Foresight, LLC
Risk and Regulatory Compliance Consultants
www.fiduciaryforesight.com
Twitter@FidFore
Family Office Exchange
Consulting Firm
Top Executive: Sara Hamilton