CFA Society produces video to put investors first

The Chartered Financial Analyst Society held a screening of a video highlighting the needs and rights of investors, at Regal Cinema at Camana Bay on May 31.

The event was part of Putting Investors First month, a global CFA initiative that reminds and encourages investment professionals to place investor interests above their own and all others, the CFA Society said.

The 15-minute documentary was produced by Cayman-based finance video-on-demand platform Real Vision. It features local investors and CFA charterholders, who discuss investor rights and objectives as the key guides to the investment process.

CFA Society director Abali Hoilett, who conceived the idea to give members of the local community a voice to express what putting investors first means to them, said, “We believe it is an important initiative not only for the financial services industry, but for the broader Caymanian community.”

In the video, Paul Smith, CFA president and CEO, explains that putting investors first is about strengthening the bond between the profession and the investors through investor education and by reminding professionals that their core function is to serve their clients.

Monique Frederick, president of the CFA Society in Cayman said the initiative is not only important for financial services professionals and experienced investors, but for everyone.

“Everyone is an investor. If you have a pension you are an investor. Investments play a role in all of our lives and it is therefore imperative that we bring investor education into the mainstream.”

The video, she said, was just the starting point for a continued dialogue.

The event also featured guest speaker Barry Ritholtz, Bloomberg columnist and chief investment officer at Ritholtz Wealth Management, who spoke about common misconceptions about risk in the investment decision making process and how fear can impact performance.