Dakota Live! Podcast: Navigating Wealth Management with Fiduciary Trust

In this engaging episode of the Dakota Live Podcast, Robert Morier welcomes Harison Sidhu, Head of Manager Selection and Due Diligence at Fiduciary Trust Company. Join us as we delve into Harison's experience in the finance industry, covering his strategic approach to investment manager selection, the intricacies of due diligence, and his perspective on asset allocation.

Fiduciary Trust Company was founded as a family office in 1885 and incorporated as a trust bank in 1928. Throughout their history, Fiduciary Trust has maintained a proud tradition of providing clients with objective and comprehensive investment management, trust, estate settlement, and other services. With over $23 billion in assets under supervision, Fiduciary Trust focuses on Investment portfolios tailored to client needs.

Harison emphasizes the need for a clear understanding of how managers aim to achieve outperformance, their competitive advantage, and in which market environments their strategies are likely to succeed. He highlights the significance of in-person meetings with key decision-makers to fully grasp a strategy. Furthermore, Harison delves into the extensive research undertaken to complement these discussions, including analysis of past returns and current holdings to gauge how a strategy generated historical returns and what factors will drive future returns. This rigorous approach ensures alignment with narratives presented by managers and confirms a solid understanding of the underlying strategy.

Harison also shares personal insights, from the influence of his family and mentors on his career path to his thoughts on the impact of technology and AI in investment management. His unique blend of personal anecdotes and professional expertise offers listeners valuable lessons on navigating the complexities of the investment management landscape. This episode not only illuminates the technical prowess required in finance but also the human elements that drive the industry forward. The conversation also touches on the significance of sustainability in investment decisions, reflecting on how these factors are integrated into Fiduciary Trust's operations.

Harison's role at Fiduciary Trust highlights the company's dedication to meticulous investment manager selection and due diligence, ensuring that client investments are managed with the utmost care and professionalism. This episode is a must-watch for anyone interested in the nuances of investment management and the principles that guide industry leaders in making informed, strategic decisions.