Issue #4

Asset management continues to be a human business. Is it because you like your private banker, your sales trader, or your financial advisor and want to spend a lot of time with them? Well, possibly, but probably not.

Rather, it is because of trust. You hope there is some person with whom you can trust your wealth. Someone you can call up if things are not going well. Your money is not going to disappear into a black hole, never to be seen again (unless it's crypto, of course).

But maybe it is a false hope. Trusting people can have some side effects. Firstly, when you rely on a person and listen to their explanations, you may feel you don't need to see the data - which can open the door for bad actors. Secondly, even if they act in good faith, that person may have biases or lack competence. And finally, people add costs because they want to be paid to provide you with that comfortable feeling.

Is there an alternative?

An investment manager that is aligned because they are only paid on performance. That offers near-real-time transparency on your investment. That makes it easy and quick for you to take money out and put money in. That partners with independent service providers to ensure everything is done properly.

Perhaps we need to shift the paradigm from humans telling stories to build trust and towards transparent alignment through technology.

Just a thought.