Chamberlain: Time to stop the great asset giveaway

He said that for years distributors have passed control of their clients' money to asset managers, boosting their AUM and stock market value while diminishing their own. However, he said the emergence of platforms and the Succession model in particular, which encourages member firms to move the assets into model portfolios run by its chosen discretionary managers, enables IFAs to "shift the capital value back to where it belongs". "A crime has been committed," said Chamberlain at the asset consolidator's annual conference in Devon. "If you combine the values of all the fund managem...