Platinum Fund Managers has been appointed managers of the Knox D'Arcy investment trust. Details of ...
Platinum Fund Managers has been appointed managers of the Knox D'Arcy investment trust. Details of the management contract are expected to include a basic fee of 0.75% a year of total assets less current liabilities. The board of the trust is locked in negotiations with previous manager Knox D'arcy Investment Management and is seeking to reach a settlement regarding existing contractual obligations and costs.
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PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client