Bundled charging wraps impede transparency - Nucleus

Ferguson, who runs the IFA-owned and controlled wrap, says current volatile market conditions have increased the importance of allowing investors full disclosure. “Given the fact nobody is sure when market conditions will improve, it seems there is no better time for advisers to employ client solutions such as wrap that offer total transparency for their clients,” he says. “Now, more than ever, it is not sufficient for wrap providers to hide behind a bundled charging structure concealing all kinds of conflict of interest and hidden deals.” Ferguson also expects high quality financial ...