What does it take for someone to put their capital at risk and entrust their funds to someone else to manage? The concept of trust lies at the heart of this question. Trust is a multi-layered concept, and it is essential to the proper functioning of capital markets.

Kevin McPartland, Managing Director, Greenwich Associates moderates an interactive discussion between Dan Connell, Managing Director, Greenwich Associates and Rebecca Fender, CFA, Senior Director at CFA Institute on the role that trust plays in financial services. In the fourth edition of the CFA Institute investor trust study, we examine how trust in the industry has evolved, while the essential characteristics of trust endure.