People Centered Finance – The Key To Client Satisfaction: JPMorgan Chase & Co. was sued for fraud, self-dealing and mismanagement of trust accounts established for an Indianapolis church endowed by the descendants of drug company founder Eli Lilly * The Christ Church Cathedral sued JPMorgan today in Indianapolis federal court, claiming it selected unsuitable and poorly-performing investments to further its own financial interests. The Episcopal church founded in 1837 accused the world’s fourth-biggest bank by asset value of breaching state and federal securities laws * The bank “caused the church trusts to lose approximately $13 million in value as a result of JPMorgan’s decisions to purchase over 177 different investment products, mostly from itself, using church funds,” between July 2004 and December 2013, the plaintiffs said in the complaint. * The Key to Client Satisfaction is to Focus on the Philosophy of People Centered Finance. We should remember that since it is the client who provides us with the capital in the first place, it is morally our right to generate profits for the Client FIRST, then for our Company: Read More: bluephoenixfinancials/2014/08/14/people-centered-finance-key-client-satisfaction/ #PEOPLECENTEREDFINANCE
Posted on: Thu, 14 Aug 2014 04:09:47 +0000
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