What Investors Really Want From the Fiduciary Rule

Quoted: “It’s clear that investors want their managers to produce good performance,” says Brian A. Hellmer, director of the Hawk Center for Applied Security Analysis at the Wisconsin School of Business. Citing figures from a CFA Institute study, he says that underperformance, more than anything else, would make investors leave their current firm or advisor (53 percent of retail investors, 60 percent of institutional investors).