George Kinder, founder of the holistic life planning movement, has launched a global campaign to encourage institutions to embed fiduciary standards into all of their processes to put client and public interests first.
The Life Planning guru, who founded the US-based Kinder Institute which provides training around the world for Financial Planners, wants what he calls a Fiduciary In All Things (FIAT) standard included in all dealings by institutions with clients and customers.
Mr Kinder believes that only by putting customers first, and other concerns second, can organisations fully and properly serve clients and humanity.
Life planning is a holistic form of Financial Planning which stresses focus on a deep understanding of the client's life plans and ambitions before making financial recommendations.
The FIAT initiative is aimed at, “redefining trust and wisdom across all institutional sectors”, he said.
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