Increased regulation and business costs are causing advisers to turn to the multi-manager market for their portfolio construction needs
Aifa reported this month that regulation and compliance costs had doubled in three years. As many of these increases have come about as a result of the mis-selling of investments, investment business is an increasingly thorny issue for advisers. As advisers grow more reluctant to carry out asset allocation and portfolio construction, who is likely to be the beneficiary? Is the multi-manager market in all its various guises likely to pick up new business on the back of this? Mark Dampier, head of research at Hargreaves Lansdown, says there are a number of factors that are increasing the cos...
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