As a firm, we are required by our regulator to disclose aspects of how our staff are rewarded – both in terms of salary and any bonus schemes in operation. The aim is to offer transparency of the process and to reassure our clients that we do not have in place schemes that may reward inappropriate risk taking. Excessive actions, such as directly rewarding investment returns or selling of specific products, can potentially encourage unsuitable choices being made for clients.
Whilst this behaviour is far removed from the ethics and operating practice of ASAM’s culture, this is reinforced and monitored through robust regulatory processes and controls. Our remuneration schemes are carefully maintained, reviewed and managed through our remuneration committee (independent of the senior managers or executive).
Our current annual disclosure can be found here.
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