Hello Robert
I very much enjoyed your article as it is both prescriptive of actions required by investment professionals and it is reminiscent of one of the situations I am currently involved in.
The latter relates to a friend, whose money is being managed by one of the most highly reputed investment organizations in the US.
This friend relies on me to validate the information he receives from this organization because,as you put it so eloquently, I have no bias and nothing to gain.
However, the main reason for my comment is that I have found it surprising that an organization of this size does not claim compliance with the GIPS standards for its reports to investors, and it is therefore quite unlikely that it claims compliance with any of the other standards of CFA Institute.
As an ardent supporter of CFA Institute and its aims to help create a self regulatory framework for the investment profession, I always assumed that the largest organizations in the US claimed compliance with most of its standards.
However, I recognize that the claim of compliance is quite specific and not all institutions can claim compliance for structural reasons or otherwise.
Perhaps a listing of firms on the CFA Institute website that claim compliance with various standards would be helpful.
Best wishes
Savio