I don't know of any illegal behavior, but will people push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client's goals?
Just make sure you're aligned with your client's needs and get the best from the team around you.
Acknowledging those concerns, many firms, including McKinsey, say they plan to sell the investments within a few years, to avoid becoming too closely aligned with a client.
"With S.C.J. moving elsewhere, we naturally had to take a close look at our staffing levels to make sure they are aligned with current client needs," Laurence Boschetto, president and global chief executive at DraftFBC, said in a statement.
After all, their interests were wholly aligned with those of their clients: to increase the value of their portfolios, and thus their own fee income.
Our interests are completely aligned with those of our clients.
Douglas Hodge, Pimco's chief executive, said in a statement, "We are evolving our approach to focus on areas that are more fully aligned with our capabilities and clients' needs".
Thus it will not be self-evident to future generations of Americans why the imperial might and international reputation of the United States are so closely aligned with one small, controversial Mediterranean client state.
In turn, they go beyond their initial ways of thinking to create a model that is more robust and more closely aligned with the needs of the client.
In both cases, managers' incentives are poorly aligned with the best interests of their clients.
