We at Areté believe that one of the greatest opportunities to improve the investment industry is to improve leadership. Whether this comes in the form of better avoiding ethical breaches, managing people better, or in some other form, it is no surprise that transgressions at the highest levels of management often have devastating effects in an industry that relies so heavily on the output of knowledge workers.
There has not been a profound belief in doing what is right for the client ... The industry grew out of a Wall Street culture where you manufactured a product and sold it to the client, instead of finding out what the client wanted and then creating a product to meet the client's need.
Bridget Macaskill, from "Developing better asset management leadership", by Jane Marcus and Terry R. Bacon
There is no such thing as a small breach of integrity
Tom Peters, author of In Search of Excellence
The behavior of a company's leadership provides a strong influence on its culture, and that culture is an essential ingredient for ensuring successful and sustained implementation of the investment process. Implementation of any process by smart, independent, unique individuals is challenging enough, but integrating investment professionals with the additional people and personalities of marketing, client service, compliance, and administration make the challenges to forming a cohesive team that much greater.
We believe that the standard of care is an important quality that can unify an organization of talented individuals. Skills can be taught and developed. However, caring about doing a job well and treating people with courtesy and respect tend to be more innate characteristics. Consequently, as Areté grows and new people come on board, you can expect to find the common threads of a natural desire to serve others and to work as part of a team complement the unique skill sets that each individual brings.