Private client stockbroker Killik & Co has launched an attack on fund supermarkets by saying they do ...
Private client stockbroker Killik & Co has launched an attack on fund supermarkets by saying they do not offer end clients the best value for money and juxtaposing its own initial charges against those encountered when buying from the supermarkets either directly or via an IFA. Two supermarkets are implicated in the broker's attack: Fidelity Funds Network and Co-Funds. "Both direct and IFA routes can prove costly when compared to a stockbroker where investors can get cheaper charges and advice, as well as consolidated statements," says the company's collectives analyst Mick Gilliga...
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