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.
Family Office Exchange
Top Executive: Sara Hamilton
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