Trust is the most important asset the industry has, so imagine the nightmare if it is lost or threatened.
Just as we feared, 2011 is proving unrewarding for most investors. Days of gloom and falling markets alternate with days of enthusiasm and love of risks.
The predictions of consolidation within the asset management industry come and go with the economic cycles and stock market volatility.
VIDEO: WHY THE MARKET HAS SOLD OFF
One of my favourite films from the early 1980s is "The Long Good Friday". Despite the fact that Bob Hoskins' character is a top London gangster, one warms to his personality. And, in the final scene of the film, one even has pity for his predicament....
With the US on the verge of pushing through a deal to raise the country's debt ceiling by at least $2.1trn, American comedian Remy Munasifi gives his own unique take on the proposal.