AmCham Norway’s Financial Forum gathered virtually last week for the final session of 2020. Special member presenter Richard Stott, founding partner and CEO at Connectum Capital Management, outlined how financial advice is changing in light of the “Norwegian dilemma” within saving and investment culture.
With 25+ years of experience, Stott expertly compared traditional financial advice – where investors relied exclusively upon bank, insurance company and fund manager guidance – to evolved, forward-looking relationships between independent, specialized advisors and increasingly well-informed clients. “No one truly understands the complexity of financial markets. If uncertainty didn’t exist, returns wouldn’t be possible,” he iterated.
Forum participants eagerly engaged Stott on OTP risk profiles, ESG investments, state vs. personal savings reliance, and reputable Norwegian market resources throughout the session. Currently, Connectum is the only investment advisory firm in Norway certified by the Center for Fiduciary Excellence, which conducts third party audit of investment advisers in accordance with global standards.