Short-term thinking has disconnected us from our shared purpose: achieving clients’ long-term goals and in turn contributing to economic growth. The investment management industry and its professionals need to move from a performance-driven culture to one that is purpose-driven to better ensure clients’ long-term goals are met.
During 18 months of surveys, interviews, and data analysis, CFA Institute and the State Street Center for Applied Research set out to answer the question: "How can we leverage the motivation of investment professionals and their clients to achieve better financial outcomes?"
A one point increase in Phi is
- 28% greater odds of excellent long-term organizational performance
- 55% greater odds of excellent
- 57% greater odds of excellent