{"product_id":"the-trust-mandate-the-behavioural-science-behind-how-asset-managers-really-win-and-keep-clients-paperback","title":"The Trust Mandate: The Behavioural Science Behind How Asset Managers Really Win and Keep Clients - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eHerman Brodie\u003c\/b\u003e (Author), \u003cb\u003eKlaus Harnack\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis groundbreaking new book answers an essential question: why is it that a fund client selects, or an investment consultant recommends, one asset manager over another when the two are, on paper at least, very similar? Also, why is it that some asset managers maintain their mandates during difficult periods in the cycle and others don't, even though their performances are identical? \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eAuthors Herman Brodie and Klaus Harnack investigated the drivers of these selection decisions and uncovered that so-called 'soft' factors play the primary role - even more so for consultants than for end-clients. They also discovered that these soft factors are essentially the means clients use to judge an asset manager's benevolent intentions, one of the two dimensions of the universal human evaluation more commonly known as \u003cb\u003etrust\u003c\/b\u003e. \u003cp\u003e\u003c\/p\u003eBacked by compelling data and research from multiple disciplines, \u003ci\u003eThe Trust Mandate\u003c\/i\u003e breaks open the science of trust for asset managers, revealing the systematic steps clients take in their search for evidence of good intentions - the essential, but often missing, component in business relationships. It also shows how trusted managers are able to win more clients, keep them longer, merit good recommendations, allowed to take more risks, and justify higher fees. \u003cp\u003e\u003c\/p\u003eThe clients of trusted managers enjoy reduced anxiety, earn higher long-run returns, and avoid costly and pointless transitions from firm to firm. So high-trust relationships are a genuine win-win situation. Yet the task of initiating and nurturing them falls squarely on the service provider. Asset managers must learn to convey their good intentions. \u003ci\u003eThe Trust Mandate\u003c\/i\u003e shows why - and how - in unprecedented detail.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eHerman Brodie\u003c\/b\u003e spent over a decade in investment banking roles in London, Paris and in Frankfurt. In 2000 he co-founded his first company, Cognitrend, a consultancy to advise financial institutions on the utilisation of behavioural finance research. He has pursued this goal since 2013 as Managing Director of Prospecta Limited. Brodie is a co-author and lecturer of 'A Practical History of Financial Markets', a course aimed at investment professionals, \u003cbr\u003edeveloped for the Edinburgh Business School's MBA programme, and has penned numerous articles on behavioural finance. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003eKlaus Harnack\u003c\/b\u003e received his Ph.D. in social psychology and motivation from the University of Konstanz. He is currently lecturer and academic counsellor for work and organisational psychology at the University of Muenster. Besides his academic work, he provides interdisciplinary knowledge transfer for a wide range of professionals. His utilises psychological insights and strategies to support professionals in their decision-making, negotiation and conflict management skills. He is an author and scientific columnist.\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 240\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.51 x 9.21 x 6.14 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e May 07, 2019\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":49147452063996,"sku":"9780857197627","price":48.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0002\/8344\/3259\/files\/oo48YGgFqS9780857197627.webp?v=1780174364","url":"https:\/\/howardimports.myshopify.com\/products\/the-trust-mandate-the-behavioural-science-behind-how-asset-managers-really-win-and-keep-clients-paperback","provider":"Zyayre","version":"1.0","type":"link"}