Fund managers with wealthy backgrounds perform the worst

The analysis also found managers from families in the bottom quartile of wealth needed to demonstrate annual returns 6.6 percentage points a year higher to stand as likely a chance of promotion as their higher status peers from the 75th percentile.


Digital key to greater trust, literacy

"Financial planners need to look beyond face to face comprehensive advice if they're going to reach prospective clients in the way that those prospective clients want to learn."