The Next Big Thing: Managing ConflictsThe Next Big Thing: Managing Conflicts

Sara Hamilton, founder and chief executive officer, Family Office Exchange LLC, Chicago

With the private wealth industry integrating more services under one financial umbrella, the opportunity to profit increases dramatically — but so does the potential for conflicts of interest.

The industry seeks economies of scale and to do more business with more clients by offering a wider range of products, greater access to investment opportunities and perhaps even more talented personnel. Are the inherent conflicts of interest a necessary tradeoff for the benefits wealth owners may receive? How do conflicts of interest affect the working relationship between advisors and their clients? And what can be done to mitigate misunderstandings?

To find some...