 The biggest mistake investment committees make is managing to consensus. Committees often will reach a bad decision just to get 100% agreement. ”George Tamer, managing director of strategic relationships, TD Ameritrade Institutional
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Advisers Add Investment Committees to Smooth Operations
Veronica Dagher | Wall Street Jornal Online, May 2016
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Summary: As advisers continue to break away from the largest securities firms and registered investment advisory firms become larger, more of these independent RIAs are setting up investment committees.
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