Wells Fargo Integrity Check

By Barbara Kimmel of Trust Across America

Founder Trust Across America - Trust Around the World • Dec 4, 2016 at 12:53 PM EST

Could the Wells Fargo crisis have been avoided if leadership had the "right" data?

Measuring the integrity or trustworthiness of public companies is an ongoing research project at Trust Across America-Trust Around the World. In fact, we now have over 7 years of increasingly "rich" data.

Take a look at this chart:

While we are in the business of identifying "best in breed" and not in predicting the next corporate crisis, our FACTS(R) proprietary data is quite capable of doing so. Citigroup, JP Morgan Chase, Bank of America, Wells Fargo (in descending order of integrity)...

Did the lack of integrity at Wells Fargo contribute to its recent crisis?

Could it have been avoided under different leadership?

Are leaders looking at the "right" data?

What do you think?

Would you like more insights like this?

Read our most recent blog post for more information.

FACTS® Managed Accounts were independently audited from Feb.1, 2013-Jan.31, 2016. Prepared by FACTS Asset Management LLC

FACTS® is our model of identifying America’s Most Trustworthy Companies by applying FACTS strategy parameters. The composite results translate to 50.09% for FACTS® and 28.1% for the S&P 500 cumulative percentage return shown above, or 16.7% average annualized for FACTS® vs. 9.5% for the S&P 500 over the same period. The audited Composite Performance results shown above may not be indicative of future results. Full audit documents available upon request.

The composite performance records are based on all accounts managed using the FACTS strategy for a three year period, 2/1/13 to 1/31/16 and are not representative of the FACTS® Asset Management LLC program. Tax consequences are not reflected in the performance records. Past performance is not an indication of future return. There can be no guarantee that a new program will prove to be profitable in the future or that it will achieve performance results similar to those achieved in the past using the FACTS strategy parameters and you may lose money. The performance numbers reflect the reinvestment of dividends. The composite performance net of fees is calculated using a weighted average fee for the entire period because not all accounts were charged equal fees and some accounts were not charged fees. The S&P 500 is a widely recognized market value-weighted index of 500 stocks designed to mimic the overall U.S. equity market’s industry weightings, and does reflect the reinvestment of dividends.

Past results are not necessarily indicative of future results.

FACTS® Asset Management LLC is a New Jersey registered Registered Investment Advisor

Prepared by FACTS Asset Management LLC

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